Adani Ports hits 1-month high as promoter buys more stake

India Infoline News Service | Mumbai | October 23, 2017 11:22 IST

Adani Ports & Special Economic Zone Ltd is currently trading at Rs 404.8, up by Rs 3.3 or 0.82% from its previous closing of Rs 401.5 on the BSE.

Adani Ports and Special Economic Zone
Shares of Adani Ports and Special Economic Zone rose nearly 2% to hit its one-month high after Emerging Market Investment DMCC bought 500,000 shares or 0.02% stake in the company through the open market on Thursday.

The additional share purchase has raised Emerging Market Investment DMCC's stake in the company to 1.79% from 1.76%, data available at the exchanges showed.

Adani Ports & Special Economic Zone Ltd is currently trading at Rs 404.8, up by Rs 3.3 or 0.82% from its previous closing of Rs 401.5 on the BSE.

The stock opened at Rs 403.5 and has touched a high and low of Rs 412.3 and Rs 401.65 respectively.

The promoters holding in the company stood at 63.34% while Institutions and Non-Institutions held 32.32% and 4.34% respectively. The stock is currently trading above its 50 DMA.

APSEZ, a subsidiary of Adani Enterprises, is India’s biggest multi-port operator providing cargo handling and value-added port services. It is engaged in the business of developing, operating and maintaining the Port and Port-based related infrastructure facilities. Its port services include marine, handling intra-port transport, storage, other value-added and evacuation services.

***Note: This is a NSE Chart

 

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