Adani Ports Rises by 8%; Nov Business Update Steers Growth

Adani Ports and Special Economic Zone soared by 8% in today’s trading session on the back of strong operational performance in November. The stock was up 7.76% to Rs 1310 against the previous day’s close of Rs 1215.60 on BSE.

While the market capitalisation increased to Rs 2.79 lakhs crore, Adani Ports have risen by 22.7% since the start of the year. On BSE 4.94 lakh shares changed hands totaling to a turnover of Rs 63.19 crore.Adani Ports and Special Economic Zone, Adani Ports operational update, Adani Ports shares rise, Adani Ports and Special Economic Zone, Adani Ports shares rise

Indicating a high volatility, Adani Ports has a one-year beta of 2.1. Moreover, Adani Ports are trading higher than the 5 day, 10 day, 20 day but lower than the 30 day, 50 day, 100 day, 150 day and 200 day moving averages. During November 2024, the company handled 36 MMT of total cargo, up by 21% on a YoY basis.