Adani Ports is currently trading at Rs. 115.80, up by 0.80 points or 0.70% from its previous closing of Rs. 115.00 on the BSE.
The scrip opened at Rs. 115.50 and has touched a high and low of Rs. 118.30 and Rs. 112.25 respectively. So far 119522 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 169.75 on 28-Oct-2011 and a 52 week low of Rs. 109.80 on 21-May-2012.
Last one week high and low of the scrip stood at Rs. 126.80 and Rs. 112.25 respectively. The current market cap of the company is Rs. 22768.57 crore.
The promoters holding in the company stood at 77.50% while Institutions and Non-Institutions held 15.15% and 7.36% respectively.
Adani Ports and Special Economic Zone (APSEZ) has been issued a show cause notice by the Ministry of Commerce and Industry for its new 1,840-hectare Special Economic Zone (SEZ). The ministry in its notice has asked as to why a formal approval and notification granted to its new SEZ should not be withdrawn immediately.
In its notice dated June 12, the Department of Commerce has maintained that the company in its proposal for setting up a multi-product SEZ at Mundra in Gujarat has not brought several material facts to its notice. The ministry has sought a reply within 10 days, failing which, it would be presumed that the company has no explanation and the department shall proceed accordingly.
Adani Ports and Special Economic Zone is the country's largest private multi-port operator and part of the Adani Group, a global integrated infrastructure player.
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