Aug 04, 2021 07:05 PM IST
Adani Ports’ stock has fallen from the high of Rs 900 to current level of Rs 698 a share. It is currently trading at 19 times its FY23 estimated earnings, which we believe is attractive considering good earnings visibility, lucrative port assets, dominant position in the industry, asset backed business model and high operating cash.
- Aug 04, 2021 05:18 PM IST
Benchmarks saw fresh record high levels and gained for the third consecutive day, led by the banking names. At close, Sensex was up one percent and Nifty gained 0.8 percent. HDFC, Kotak Mahindra Bank, ICICI Bank, HDFC Bank and SBI were the top Nifty gainers. Grasim, Titan Company, Tata Motors, Hindalco and Adani Ports were among the top losers.
- Aug 04, 2021 10:04 AM IST
Adani Ports and Special Economic Zone reported a 77.04 percent rise in consolidated net profit at Rs 1,341.69 crore for the first quarter of the current fiscal. Its total income rose to Rs 4,938.43 crore in the latest June quarter as against Rs 2,749.46 crore in the year-ago period.
- Aug 03, 2021 10:32 PM IST
In notes to its first quarter results, APSEZ further said the port is expected to create stable jobs, promote private commercial trade, facilitate the arrival of goods such as food, medicine and clothing for the Burmese people.
- Aug 03, 2021 07:22 PM IST
- Aug 03, 2021 07:22 PM IST
- Aug 03, 2021 05:00 PM IST
Its total income rose to Rs 4,938.43 crore in the latest June quarter as against Rs 2,749.46 crore in the year-ago period.
- Jul 27, 2021 03:49 PM IST
The company claimed that it has become the first infrastructure company in India to successfully raise 20 years money from international markets. According to a statement, the coupon rates for the 10.5-year and 20-year dual-tranches bonds were fixed at 3.8 per cent and 5 per cent, respectively.
- Jul 20, 2021 10:04 AM IST
SEBI is investigating some Adani Group companies with regard to compliance with SEBI Regulations and the Directorate of Revenue Intelligence, too, is probing certain entities, Parliament was told on July 19
- Jul 09, 2021 05:10 PM IST
Benchmark indices ended lower for the second day in a row with Nifty below 15,700. At close, Sensex was down 183 points and Nifty was down 38 points. Bajaj Auto, TCS, HDFC Bank, Wipro and Reliance Industries were the top losers on the Nifty. Top gainers were Tata Steel, Bajaj Finserv, Adani Ports, Bharti Airtel and JSW Steel.
- Jul 07, 2021 12:41 PM IST
Going public will force Indian tech companies into an era of frugality.
- Jun 23, 2021 12:32 PM IST
KPL had an investment worth $1.05 million in Adani Ports at the time it announced its decision.
- Jun 15, 2021 09:47 AM IST
Citi has maintained buy rating on the stock with target at Rs 1,000 per share. It is of the view that the negative news flow around Group companies is a sentiment negative adding that it is unlikely to have any impact on companies business prospects.
- May 18, 2021 07:27 PM IST
On April 5, Adani Ports, which had last year acquired a 75 percent stake in Krishnapatnam Port, announced that it has acquired an additional 25 percent stake in the port, making it a fully owned port.
- May 06, 2021 12:42 PM IST
- May 06, 2021 12:00 PM IST
- May 05, 2021 06:32 PM IST
Gangavaram Port promoters fear ties with Myanmar military could hurt Adani Ports valuations; want cash for half their stake instead of shares in Adani Ports.
- Apr 27, 2021 02:49 PM IST
Billionaire Gautam Adani's group has also secured about two dozen cryogenic tanks for transporting medical oxygen, from the UAE, Thailand and Saudi Arabia, it said in a series of tweets.
- Apr 13, 2021 07:06 PM IST
APSEZ is an integrated port infrastructure services provider and has presence across 11 domestic ports in six maritime states.
- Apr 13, 2021 07:39 AM IST
India's largest private multi-port operator is building a $290 million port in Yangon on land leased from the military-backed Myanmar Economic Corporation (MEC).
- Apr 05, 2021 10:54 AM IST
Adani Ports and Special Economic Zone Ltd is acquiring the residual 25% stake in Adani Krishnapatnam Port for Rs 2,800 crore.
- Mar 25, 2021 07:47 PM IST
While Adani Ports' market share is still below 50 percent, it is expected to have a competitive edge over other players as the 12 major ports owned by the Central government control more than half of the country’s port traffic.
- Mar 25, 2021 09:12 AM IST
APSEZ has been on an acquisition spree over the last few years and now manages 12 ports across the 7,500 km coastline of India
- Mar 24, 2021 10:10 AM IST
It is the second largest non-major port in Andhra Pradesh with a 64 MT capacity established under concession from Government of Andhra Pradesh (GoAP) that extends till 2059.
- Mar 24, 2021 09:00 AM IST
Fund houses are shying away from investing in companies that they think add to global warming.