Adani Ports shares jump 9.5% on robust Q2 show

Shares of Adani Ports and Special Economic Zone (APSEZ) today surged 9.5 per cent after the company reported a 61 per cent jump in its consolidated net profit for the September quarter.
The stock soared 9.43 per cent to end at Rs 312.60 on BSE. During the day, it zoomed 10.97 per cent to Rs 317 -- its 52-week high.
On NSE, shares of the company jumped 9.5 per cent to close at Rs 312.80.
Led by the sharp gain in the stock price, the company's market valuation rose by Rs 5,581.95 crore to Rs 64,737.95 crore.
The stock was the top gainer among the Sensex and Nifty components.

In terms of volume, 22.30 lakh shares of the company were traded on BSE and over 2 crore shares changed hands at NSE during the day.

The company today reported a healthy 61 per cent jump in its consolidated net profit at Rs 1,091 crore for the quarter ended September 30, helped by growth in cargo volumes and operational efficiencies.
The Gautam Adani-led firm had clocked a net profit of Rs 678 crore in the year-ago period, it said in a BSE filing.
Total consolidated income of the company rose by 21 per cent to Rs 2,183 crore in the July-September quarter this fiscal from Rs 1,808 crore during the same period in 2015-16.