Adani Ports Handles Record 250 MMT In Ten Months Of Operations

Shares of Adani Ports & Special Economic Zone Ltd. rose nearly 1.2%, the biggest intraday gain in four days, after the company crossed a milestone of handling a record 250 MMT in ten months of operations and handled a cargo volume of 259 MMT.

  • In Jan. 2022, APSEZ portfolio of ports handled total cargo volume of 24.74 MMT.
  • The cargo composition for the month remained stable at dry cargo at 47%, container at 40%, liquid at 12.5% and gas cargo at 0.5%.

Of the 26 analysts tracking the company, 24 maintained ‘buy’, one maintained ‘hold’ and one maintained ‘sell’ recommendations. The overall consensus price of analysts tracked by Bloomberg implied an upside of 17.7%,

Source: Exchange Filing, Bloomberg

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