Moneycontrol PRO

Cash Market | Potential of a new leg up in Adani Ports

Adani Ports is about to break out of a consolidation trend line and start a new leg up

June 27, 2022 / 07:48 AM IST
Cash Market | Potential of a new leg up in Adani Ports

Adani Ports | CMP: 739.9 | Adani Ports reacted positively to its monthly numbers, but lost all its gains later in trade. The company said it handled a cargo volume of 30.37 MMT (million metric tonnes) in May 2022, implying 4 percent YoY growth. Total coal volumes increased 6 percent YoY, on the back of thermal coal growth of 5 percent and coking coal by 9 percent. Despite record crude prices, volumes jumped 15 percent YoY. Key ports reflecting this volume growth are Mundra (7 percent), Dhamra (35 percent), Dahej (42 percent) and Kattupalli & Ennore combined (50 percent).

  • PRO Panorama

    Moneycontrol Pro Panorama | Your one-minute guide to MPC deliberations

    Aug 4, 2022 / 04:48 PM IST

    In today’s edition of Moneycontrol Pro Panorama: How to trade on RBI policy day, IndiGo flying high, Devyani International baking it big, sparks fly on Pelosi’s Taiwan visit, Start up Street, and more

    Read Now

To read the full story, Subscribe to Moneycontrol PRO

Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

Already a member? Sign in

Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

50% OFF

What Do You Get

  • Ad free experience

    Experience a non-intrusive navigation and faster response in the ad free mode

  • Sharpest Opinions

    Access to 230+ exclusive stories per month from our editorial and Experts

  • +

    Have a Global edge with access to content from world renowned experts and journalist

  • Actionable Insights

    Access to 40+ weekly investment ideas including 4 daily technical calls

  • Virtual Events

    Exclusive access to live webinars from market experts on trading and investment strategies

  • Newsletters

    Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

Get upto 50% discount on limited period offers