Adani Ports & Special Economic Zone Ltd Share Price (ADANIPORTS)

Adani Ports Faces Risk from Middle East Instability; Investments Raised by GQG Partners - 18 Apr, 2024

The ongoing Iran-Israel war poses a risk to Adani Ports' operations at the Haifa Port, where it has a major stake involved. However, the overall impact on its business is expected to be manageable. Meanwhile, Rajiv Jain's GQG Partners invested heavily in Adani group companies during Q4FY24.

Adani Ports Faces Worker Protest; GQG Increases Stake - 17 Apr, 2024

Adani Ports & Special Economic Zone faces worker protests as two ships are held up for discharge, while GQG Partners increases its stake by 0.07%. The company reports a significant increase in operating revenues and after-tax profits.

HSBC Reiterates Buy Rating on Adani Ports Ahead of Q4 Results - 16 Apr, 2024

HSBC has maintained its buy rating on Adani Ports and Special Economic Zone Ltd with a target price of Rs 1,560 per share, implying an upside potential of 18%. The company's logistics business rollout plans and midterm volume targets will be key focus areas in the upcoming Q4 results. The stock is up 31% YTD and has the strongest ecosystem in HSBC's Asia transport coverage.

Geopolitical Tensions & Cargo Volumes Affect Adani Ports - 15 Apr, 2024

Adani Ports faces potential risk due to Iran's attack on Israel, as it owns the Haifa port. The company recorded its highest cargo volumes and established a new subsidiary. Analysts see value accretive acquisition of Gopalpur Port.

Adani Ports Establishes Step-Down Subsidiary for Ship Leasing Venture - 12 Apr, 2024

Adani Ports and Special Economic Zone Ltd (APSEZ) has established a step-down subsidiary, Poseidon Leasing IFSC Ltd, to operate within the GIFT SEZ in Gujarat. The ship leasing venture is expected to further strengthen their presence in the maritime sector.

Adani Ports & SEZ Share Price Rises Over 100% in One Year - 11 Apr, 2024

Adani Ports & Special Economic Zone Ltd's share price has risen over 105% in the past year, from around ₹655 to ₹1,351 apiece level on the NSE. The Adani group share has also risen 65% in the last six months and given a 30% return YTD.

Adani Ports Shares Fall After Large Deal; High P/E Ratio Due to Earnings Growth - 08 Apr, 2024

Adani Ports & Special Economic Zone Ltd's high P/E ratio is attributed to its superior earnings growth. However, shares fell by 2% following a large deal that represented a discount to the previous close.

Adani Ports Acquires Gopalpur Port; Terminal Investment Ltd Receives Clearance for Stake Acquisition - 06 Apr, 2024

Adani Ports & Special Economic Zone Ltd acquires Gopalpur Port, bringing its total number of ports to 15. Meanwhile, Terminal Investment Ltd receives clearance to acquire a 49% stake in Adani's container terminal at Kamarajar Port for Rs 247 crore.

Adani Ports' Subsidiary Sets New Record at Gangavaram Port - 03 Apr, 2024

Adani Ports' subsidiary Adani Gangavaram Port Limited has achieved a new record by handling 7,473 rakes with a 20% YoY growth. The port is on track to register its highest-ever annual cargo for the financial year 2023-24.

Adani Ports Stock Rises After Strong Cargo Volume Performance - 02 Apr, 2024

Adani Ports & Special Economic Zone Ltd's stock rises after reporting record-high cargo volumes. Brokerages maintain bullish outlook with Citi raising target price to Rs 1,758 apiece. The company is expected to report strong Q4FY24 earnings with positive volumes, revenue, EBITDA growth, and good cash flow.

Adani Ports & Special Economic Zone Ltd Handles Record Cargo Volumes - 01 Apr, 2024

Adani Ports & Special Economic Zone Ltd (APSEZ) reports its highest ever monthly cargo volume of 38 Million Metric Tonnes (MMT) in the month of March 2024. The company handled 420 million metric tonne cargo in FY24, with domestic ports contributing over 408 MMT. Ten of APSEZ's ports and terminals set new cargo volume records.

Adani Ports Acquires Majority Stake in Gopalpur Port - 31 Mar, 2024

Adani Ports & Special Economic Zone Ltd is set to acquire a 95% stake in Gopalpur Port for Rs 3,350 crore, bringing the total number of seaports under its control to 15 - the most among any private firm in India.

Adani Ports Delivers Strong Financial Performance in FY24 - 29 Mar, 2024

Adani Ports & Special Economic Zone Ltd has delivered a multibagger return of 107% in FY24, with its revenue from operations growing by 44.58%. Additionally, the company's PAT increased by 48% to Rs. 6,216 crore, while sales increased by 32% to Rs. 19,814 crore for the first nine months of FY24.

Adani Ports Acquires Stake in Gopalpur Port; Adani Group Plans Foreign Currency Bond Issue - 28 Mar, 2024

Adani Ports acquires a 95% stake in Gopalpur Port for ₹1,349 crore in an all-cash deal, expected to add ~2% to its overall revenue in FY24. Meanwhile, the Adani Group is planning to raise up to $1 billion through foreign currency bonds for three group entities. The news

Adani Ports Acquires Stake in Gopalpur Port - 27 Mar, 2024

Adani Ports & Special Economic Zone Ltd (APSEZ) has acquired a 95% stake in Gopalpur Port for Rs 3,080 crore, expanding its presence on the Indian coastline. The Competition Commission of India approved Adani Power's acquisition of Lanco Amarkantak Power. JM Financial increased its target price to Rs 1460 and maintained a buy call on APSEZ.

Adani Ports Acquires Majority Stake in Gopalpur Port - 26 Mar, 2024

Adani Ports and Special Economic Zone Ltd. has acquired a 95% stake in Gopalpur Port Ltd. for Rs 1,349 crore, strengthening its eastern presence and adding to the Adani Group's pan-India port network. The investment is expected to earn operational revenue of ₹520 crore and is in line with Adani Ports' strategy of East Coast to West Coast parity.

Motilal Oswal Estimates 18% CAGR for APSEZ - 21 Mar, 2024

Adani Ports & Special Economic Zone Ltd (APSEZ) is expected to register a PAT CAGR of 18% over FY24-26E, with improved ROE/ROCE. The company reported robust cargo volume and revised its FY24 guidance upwards. Motilal Oswal expects APSEZ to surpass the revised guidance.

Fitch Affirms Adani Ports' BBB- Rating with Stable Outlook - 20 Mar, 2024

Fitch Ratings has affirmed Adani Ports and Special Economic Zone Ltd.'s long-term foreign-currency issuer default rating at BBB- with a stable outlook. The affirmation reflects Adani Ports strong business and financial profiles, underpinned by a robust portfolio of seaports and an adequate liquidity position. Refinancing risk has eased after Adani Ports bought back half of its $650-million bond ahead of the July maturity.