Adani Ports and Special Economic Zone fell 3.01% to Rs 217.50 at 15:00 IST on BSE on profit booking after the stock surged 20.53% in the preceding six trading sessions to Rs 224.25 on 13 May 2014 from a recent low of Rs 186.05 on 5 May 2014.
Meanwhile, the BSE Sensex was down 16.14 points, or 0.07%, to 23,855.09.
On BSE, so far 19.54 lakh shares were traded in the counter, compared with an average volume of 4.98 lakh shares in the past one quarter.
The stock hit a high of Rs 229.50 so far during the day, which is also 52-week high for the counter. The stock hit a low of Rs 215.85 so far during the day. The stock hit a 52-week low of Rs 118 on 5 August 2013.
The stock had outperformed the market over the past one month till 13 May 2014, rising 15.80% compared with 5.49% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 55.89% as against Sensex's 18.21% rise.
The large-cap company has an equity capital of Rs 414.01 crore. Face value per share is Rs 2.
On a consolidated basis, Adani Ports and Special Economic Zone's (APSEZ) net profit rose 25% to Rs 451 crore on 16% growth in total income to Rs 1244 crore in Q3 December 2013 over Q3 December 2012. The company will announce Q4 results on Thursday, 15 May 2014.
APSEZ is engaged in business of developing, operating and maintaining the port and port related infrastructure facilities including multi-product special economic zone.
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