Adani Ports gains on stable outlook for NCD issue

India Ratings has assigned 'IND AA+' rating with a stable outlook

Shares of Adani Ports & Special Economic Zone were up over 1% on the BSE in an otherwise lacklustre market after rating agency India Ratings & Research assigned a stable outlook for its proposed non-convertible debentures (NCDs)

The company in a release said that India Ratings & Research Pvt Ltd has assigned a final 'IND AA+' rating with stable outlook for the proposed NCDs amounting to Rs 200 crore.

The stock opened at Rs 202 and touched a high of Rs 206. At 11:05am, over 600,000 shares were traded on both the stock exchanges.