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, Adani Ports 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.
The prospects for Adani Ports depends on volume growth, sweating of its assets, which include 12 ports across the east and the west coasts, the revival of the Special
First Published: Feb 21 2021 | 8:13 PM IST