- By Priyanka Payal
- Mon, 04 Sep 2023 11:34 AM (IST)
- Source:JND
The share price of Adani Ports and Special Economic Zone (APSEZ) remained in the spotlight on Monday (September 4) after the company issued an important business update in an exchange filing today. Adani Ports shares were spotted trading almost flat at Rs 799.80 per share in today’s early morning trade.
The company informed that APSEZ’s August cargo volumes posted a 17% year-on-year (YoY)increase. In August’23, APSEZ recorded a bumper cargo volume of 34.2 MMT (+17% YoY) on the back of solid growth in containers (+27.6%) and liquids & gas (+69%) cargo types.
Adani Group’s flagship flagship port Mundra recorded its highest-ever monthly cargo volume of 15.32 MMT. The port also handled its highest-ever count of 1776 trains, which includes 1532 container trains.
The company filing said that during the first five months (April-August) of FY24, APSEZ has handled 169.6 MMT of total cargo, implying a strong 12% YoY growth. The firm’s logistics business continues to record significant growth, with a record YTD rail volume of 231,689 TEUs (+24% YoY) and GPWIS volumes of 7.37 MMT (+42%).
Meanwhile, shares of other Adani group firms also traded in the green today.
Adani Enterprises:
Adani Enterprises shares were up 0.66% at Rs 2,466.20 at 11:20 am IST today. In the last six months, the stock has gained almost 24.46%.
Adani Green Energy:
Adani Green Energy shares were up 0.55% at Rs 954.35 per share at 11:22 am IST today. In the last six months, the stock has gained almost 62%.
Adani Power:
Adani Power shares were up 1.92% at Rs 336.60 at 11:29 am IST today. The stock is up almost 89% in the last six months.
The domestic equity market opened higher today. At 11:31 am IST, BSE Sensex was almost flat at 65,404.09 points, while Nifty 50 was up 0.14% at 19,462.75 points.