rohan-sharma01

[rohan-sharma01]

Here is why Adani Ports shares were buzzing in trade on December 2

Shares of billionaire Gautam Adani-led port and port services provider, Adani Ports and Special Economic Zone (APSEZ), advanced 2.40 per cent to hit an intra-day high of Rs 1,218.30 on the BSE during intra-day trading on Monday, December 2, 2024. A total of 5.81 million shares, worth Rs 698.35 crore, exchanged hands on the BSE and NSE so far on Monday. 

Notably, Adani Ports shares were among the top gainers among the 30 constituent stocks of the BSE Sensex. 

The uptick in the company’s stock price came following its business update. In a regulatory filing, Adani Ports informed the bourses that, “During November 2024, APSEZ handled 36 million metric tons (MMT) of total cargo, driven by containers, which was up by 21 per cent year-on-year (YoY). Till November this year, APSEZ handled 293.7 MMT of total cargo (+7 per cent YoY).”

[rohan-sharma01]