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Steady volume gains a positive sign for Adani Ports and SEZ stock

Increase in promoter pledges and debt levels continue to be key monitorables

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While volume trajectory remains the biggest trigger for the stock, the street will also keep an eye on the movement in promoter pledges and debt

Ram Prasad Sahu

2 min read Last Updated : Nov 25 2020 | 1:54 AM IST

The Adani Ports and SEZ stock is trading close to its 52-week high and has gained about 9 per cent since the beginning of the month. Half the gains came on Tuesday after the company was recently ranked 14th in the transportation and transportation infrastructure sector by the Dow Jones Sustainability Emerging Markets Index 2020. What could sustain the rally in the near term is expectation of steady improvement in port volumes and market share gains.

Cargo volumes continue to gather steam across major ports and were up 5 per cent in October on a sequential basis. While volumes are

Topics : Adani Ports Markets Volumes

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