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Volume recovery, acquisitions key to Adani Ports and SEZ's growth

Reducing promoter pledge further can help drive stock gains

Topics
Adani Ports | SEZs | Indian stocks

Ram Prasad Sahu  |  Mumbai 



Adani ports
Some of the gains from the rising levels of trade activity are reflected in the December quarter results.

A slew of triggers from a continued recovery in the export-import (Exim) trade, strong performance in the December quarter, falling promoter pledge and the completion of the Dighi port acquisition in Maharashtra are supporting the stock of India’s largest port developer and operator, and SEZ (Adani Ports). The stock, which has gained over 80 per cent over the past year, hit its all-time high of Rs 676.6 intraday on Friday.

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First Published: Sun, February 21 2021. 20:13 IST

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