Up 58% from
52-week low! What's next for Adani Ports stock?

Shares of Adani Ports and Special Economic Zone have recovered over 58% from their 52-week low of Rs 394.95, hit on February 3, 2023

Adani Ports stock:
Up 58% from 52-week low

Shares of Adani Ports and Special Economic Zone ended 3.5% higher at Rs 623.20 on BSE on Thursday. Market cap of the firm rose to Rs 1,34,619.86 crore

Adani Ports: Share price

8.86 crore equity shares of Adani Ports & Special Economic Zone worth Rs 5,282.33 crore exchanged hands in the pre-opening session on Thursday. This constitutes about 4.1% equity capital of the company

Adani Ports: Block deals

Adani Ports' net profit slipped 12.94% to Rs 1,336.51 crore during the third quarter ended December 2022 (Q3 FY23) against Rs 1,535.28 crore in the same period a year ago

Adani Ports: Q3

Shares of Adani Ports and SEZ are down over 37% from their 52-week high of Rs 987.9, hit on September 20, 2022

Down 37% from
52-week high

JM Financial initiated its coverage on Adani Ports & SEZ with a 'buy' rating and a March 2024 target price of Rs 800

Adani Ports stock:
What's next?

Adani Ports delivered supreme market share gains in India in the past decade and saw at least a 10 percentage points gain in total share at 24%. It is expected to sustain that in future with organic and inorganic growth, as per JM Financial

JM Financial on
Adani Ports

Hindenburg Research, on January 24, published a report accusing the Adani conglomerate of accounting fraud, stock manipulation and other malpractices

Hindenburg report recap

The content in the story is for information purposes only. Investors or market participants should consult their financial advisors before taking any position


Coca-Cola, Pepsi Boost Sexual Health Of Men, Reduce Fertility in Women, claims study

Story by: Tanya Aneja
Designed by: Pragati

Next Visual Story 

Click Here

Next: Up 760% in 1 year! Multibagger stock IFL Enterprises to consider bonus issue, stock-split