Adani Ports Share Price Today: Adani Ports was buying and selling 8.49per cent increased at Rs 806.15 on BSE
Share worth of Adani Ports and Special Economic Zones (APSEZ) surged greater than eight per cent on Tuesday, April 6, a day after it acquired the Krishnapatnam Port within the Nellore district of Andhra Pradesh. The nation’s largest personal port and logistics firm elevated its stake in Krishnapatnam port from 75 per cent to 100 per cent. On Tuesday, Adani Ports opened on the BSE at Rs 759, touching an intra day excessive of Rs 814.95 and an intra day low of Rs 743.20, within the buying and selling session thus far. The firm additionally gained on the premise of its operational efficiency replace of the monetary 12 months 2020-21. (Also Read: Adani Ports Is Now Sole Owner Of Krishnapatnam Port in Andhra Pradesh )
According to a press release launched by the agency, Adani Ports acquired Vishwasamudra Holdings’ 25 per cent stake within the Krishnapatnam Port for Rs 2,800 crore. The full 100 per cent acquisition of the Krishnapatnam Port means a ten.3 instances a number of on FY21 (monetary 12 months 2020-21) earnings earlier than curiosity, tax, depreciation, and amortization (EBITDA) and additional enhances shareholder worth. According to a regulatory submitting by the corporate to the BSE, Adani Ports dealt with cargo quantity of 26 million metro tonnes (MMT) in march 2021, reflecting a 41 per cent year-on-year development, and 23 per cent month-on-month development.
On Tuesday, Adani Ports opened at Rs 756 on the NSE, touching an intra day excessive of Rs 815 and an intra day low of Rs 743, within the session thus far.
At 1:51 pm, Adani Ports was buying and selling 8.49 per cent increased at Rs 806.15 on the BSE. Meanwhile, on the NSE, it was final buying and selling 8.44 per cent increased at Rs 804.90.
