Adani Ports shares surge 5% as investors cheer possible Iran-Israel ceasefire

A piece of interceptor shrapnel was also found at the Kishan West (Haifa port) but there were no injuries, they said. Cargo operations at the Adani-operated port were unhampered.

While the port so far remained unhampered, the rising hostilities raised investors' concerns over the possible disruption in case Iran strikes the port. The shares of the company had declined for six consecutive sessions from June 11 to June 19, dropping as much as 9 percent during the period.

However, US President Donald Trump on June 23 announced that Israel and Iran have reached a "complete and total" ceasefire agreement. "Congratulations to everyone! It has been fully agreed by and between Israel and Iran that there will be a complete and total ceasefire (in approximately 6 hours from now, when Israel and Iran have wound down and completed their in progress, final missions!), for 12 hours, at which point the war will be considered, ENDED!" he wrote in a post on Truth Social.

Iran however discredited the claim, with Iran's Supreme Leader Ayatollah Ali Khamenei saying, "Those who know the Iranian people and their history know that the Iranian nation isn’t a nation that surrenders."

However, Iran’s Foreign Ministry Seyed Abbas Araghchi later took to X to say, “As of now, there is NO "agreement" on any ceasefire or cessation of military operations. However, provided that the Israeli regime stops its illegal aggression against the Iranian people no later than 4 am Tehran time, we have no intention to continue our response afterwards.” Investors took this response as a hint towards ceasefire.

"The military operations of our powerful Armed Forces to punish Israel for its aggression continued until the very last minute, at 4am. Together with all Iranians, I thank our brave Armed Forces who remain ready to defend our dear country until their last drop of blood, and who responded to any attack by the enemy until the very last minute," he said in another post later.

Adani Ports shares surged on the back of easing concerns over possible disruptions at Haifa airport.

Additionally, the sharp rise in the stock price was fuelled after its Annual General Meeting (AGM). "Adani Ports handled a record 450 MMT of cargo and became the beating heart of India’s trade. With marine, trucking, warehousing, and even freight forwarding, we are creating a transport utility for the future. And in line with the Hon’ble Prime Minister's Gati Shakti Mission our logistic assets are powering MSME exports and reducing friction to increase India’s global competitiveness," said Adani Group Chairman Gautam Adani.

Adani Ports shares gained nearly 19 percent in the past one month, and is up over 15 percent in 2025 so far. The stock currently has a P/E ratio of over 26.