Adani Ports shares jump nearly 8%; mcap rises by Rs 3,935 cr

Shares of Adani Ports and Special Economic Zone (APSEZ) ended the day with nearly 8 per cent gains after the company reported 31 per cent jump in consolidated net profit for the quarter ended June 30.
The scrip settled 7.93 per cent higher at Rs 258.55 on BSE. During the day, it jumped 8.93 per cent to Rs 260.95.
On NSE, it surged 7.79 per cent to end at Rs 258.45.
The company's market valuation rose by Rs 3,935.46 crore to Rs 53,544.46 crore.
The stock was the biggest gainer among the bluechips on both Sensex and Nifty.
On the volume front, 19.50 lakh shares of the company were traded on BSE and over one crore shares changed hands on NSE during the day.

APSEZ had yesterday reported a 31 per cent jump in consolidated net profit to Rs 835.71 crore for the quarter ended June 30, riding on growth in cargo volumes.

The firm, led by Gautam Adani, had clocked a net profit of Rs 638.93 crore in the year-ago period, it had said in a BSE filing.
Total consolidated income rose 7 per cent to Rs 1,826.58 crore in April-June quarter from Rs 1,714.78 crore during the same quarter in 2014-15.
The total expenses were higher at Rs 937.80 crore from Rs 850.81 crore in the year-ago period.