Adani Ports & Special Economic Zone Ltd (ADANIPORTS)

Adani Ports Blacklisted by Norway's Norges Bank - 17 May, 2024

Adani Ports and Special Economic Zone Ltd has been blacklisted by Norway's Norges Bank due to ethical concerns, causing a drop in share prices. The company was also excluded from Norway's Government Pension Fund for alleged human rights violations.

Adani Ports Faces Exclusion From Norway's Sovereign Wealth Fund Portfolio - 16 May, 2024

Adani Ports faces exclusion from Norway's sovereign wealth fund portfolio over human rights concerns. The company is targeting higher growth till FY29 and RINL incurs revenue loss due to worker protests.

Adani Ports Acquires Stake in Gopalpur Port Ltd, Outperforms Guidance - 14 May, 2024

Adani Ports & Special Economic Zone Ltd acquires majority stakes in SP Group and Orissa Stevedores Limited for Rs 3,080 crore, boosting its logistical capabilities. The company also outperformed its own guidance for cargo, revenue, and EBITDA in FY24, with net profit rising by 76.87% in Q4.

Adani Ports Targets One Billion Ton Cargo Handling; Strike Causes Coal Crisis - 13 May, 2024

Adani Ports and Special Economic Zone Ltd plans to handle one billion tons of cargo in the next 5-6 years. However, workers at Adani Gangavaram Port Limited are on strike, causing a coking coal crisis for RINL.

Adani Ports Reports Strong Financials, Issues Clarification - 08 May, 2024

Adani Ports & Special Economic Zone Limited reports strong financial results for Q4FY24 with a revenue growth of 20.51%. The company issued a clarification regarding the news report on investing in the Bataan port in the Philippines.

Adani Ports & Special Economic Zone Ltd Meets Revenue Expectations - 05 May, 2024

Adani Ports and Special Economic Zone Limited reported revenues of ₹267b in line with forecasts, although statutory earnings per share (EPS) came in below expectations at ₹37.55, missing estimates by 6.7%. However, analysts predict a surge in EPS to ₹48.86 and reconfirmed their price target of ₹1,479.

Adani Ports Plans Expansion into Philippines; Reports Strong Q4 Results - 04 May, 2024

Adani Ports and Special Economic Zone Limited (APSEZ) is set to expand its operations into the Philippines with a new port development project. The company recently reported strong Q4 results, including a 76% YoY increase in net profit and growth in consolidated total income. APSEZ's expansion plans align with its commitment to infrastructure development and economic growth in Southeast Asia.

Adani Ports Reports Strong Q4 Performance; Citi Raises Target Price - 03 May, 2024

Adani Ports & Special Economic Zone Ltd reported a strong Q4 performance with a 76% YoY increase in net profit. However, allegations of non-compliance with the company's code of conduct and financial disclosure have been made. Despite this, global brokerage firm Citi has raised its target price on the stock due to the company's high-quality business and attractive valuations.

Adani Ports Reports Strong Growth in Cargo Volumes and Revenue - 02 May, 2024

Adani Ports & Special Economic Zone Ltd (APSEZ) reported a 12% YoY growth in cargo volumes for April, while Q4FY24 net profit rose 76.2% YoY to Rs 2040 crore and revenue increased by 19% YoY to Rs 6897 crore.

Adani Ports Receives Top Credit Rating from CARE Ratings - 01 May, 2024

Adani Ports and Special Economic Zone (APSEZ) has received a AAA credit rating from CARE Ratings, becoming the first large-sized private infrastructure developer to achieve this recognition. The rating is driven by APSEZ's robust integrated business model, dominant industry position, strong growth in operations with healthy profitability, coupled with high liquidity and low leverage. Analysts predict mixed earnings for Q4 2023-24, while the board is set to announce a dividend payout for FY24.

Adani Ports Receives AAA Rating; Strong Q4 Results Expected - 30 Apr, 2024

Adani Ports is set to release its Q4 results, with analysts expecting a significant increase in revenue and EBITDA. The company has also received an AAA rating from Care Ratings, reflecting its strong creditworthiness and capacity to repay investors.

Adani's Vizhinjam Port Approved as India's First Transshipment Port - 26 Apr, 2024

Adani Ports & Special Economic Zone's Vizhinjam Port in Kerala has received approval to operate as India's first full-fledged deepwater transshipment port. The port aims to handle one million containers annually and will divert traffic from neighbouring ports such as Colombo, Salalah, and Singapore.

Adani Ports Trading Higher, JSW Infra and Gujarat Pipavav Port Also Up - 25 Apr, 2024

Incred Equities has a hold call on Adani Ports while reducing calls for JSW Infrastructure and Gujarat Pipavav Port. At close, Adani Ports was trading nearly one percent higher at Rs 1,331.80, JSW Infrastructure at one percent higher at Rs 252 while Gujurat Pipavav Port was trading nearly four percent higher at Rs 215.

Analysts Reiterate Buy Rating for Adani Ports & Special Economic Zone Ltd - 23 Apr, 2024

Motilal Oswal and Kotak Institutional Equities predict strong growth potential for Adani Ports & Special Economic Zone Ltd, citing improving utilization levels, ramping up of volumes at newly acquired ports, and gains in market share through operational efficiencies and cargo diversification.

Adani Ports & Special Economic Zone Ltd Handles Record 420 Million Tonnes of Cargo - 20 Apr, 2024

Adani Ports and Special Economic Zone (APSEZ) handled a record 420 million tonnes of cargo in FY24, up 24% YoY. This included international ports as well. APSEZ's domestic ports handled over 408 million tonnes of cargo in the fiscal year.

Adani Ports Releases Pledged Shares and Handles Record Cargo - 19 Apr, 2024

Adani Ports & Special Economic Zone Ltd released pledged shares worth Rs 4,989 crore and handled a record 420 million tonnes of cargo in FY24.

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.