Adani Ports Traded in Huge Volume after Strong Q1

Adani Ports and Special Economic Zone (APSEZ) gave a

rally of 6 per cent intraday to Rs 274.60 as a result of its
strong Q1 FY17 results. In the past one-week Adani ports
share price surged by almost 13 per cent from Rs 240 on
9th August 2016, as compared to a marginal 0.3 per cent
rise in the S&P BSE Sensex.
The Adani Group Company had posted 31 per cent yearon-year (YoY) jump in its consolidated net profit at Rs 836
crores for the quarter ended 30th June, 2016 (Q1 FY17) as
compared to Rs 639 crores in the same quarter of the
previous year.
Commenting on this occasion Karan Adani, Chief Executive Officer of APSEZ said that a
healthy growth in cargo volumes, operational efficiencies and the Companys strategy to
increase bulk cargo volumes, other than coal volumes have enabled it to report all round
growth in its financial numbers.
Adani Ports share price closed at Rs 273.55, up by 5.98 per cent. The intraday high and the
intraday low of the share were Rs 274.60 and Rs 258.30 respectively. The share price opened
at Rs 259.60 from a previous closing of Rs 258.25 respectively.
In todays trading session a total of 1,51,91,371 shares have been traded on the counter of
NSE against a 20 days average of 49,21,491 shares. The share is trading at a P/E Ratio of
17.40 and the market cap of the Company as of today is Rs 53482.33 crore.
Adani Port is one of the Top 500 shares recommended by Dynamic Levels. Get the most
important support and resistance levels of the share atAdani Ports share price forecast.

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