Adani Ports surges on inking MoU with Belgian Port of Zeebrugge

28 Nov 2013

Adani Ports is currently trading at Rs. 155.45, up by 3.90 points or 2.57% from its previous closing of Rs. 151.60 on the BSE.

The scrip opened at Rs. 153.00 and has touched a high and low of Rs. 155.55 and Rs. 153.00 respectively. So far 84,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 175.00 on 20-May-2013 and a 52 week low of Rs. 118.00 on 05-Aug-2013.

Last one week high and low of the scrip stood at Rs. 162.40 and Rs. 149.80 respectively. The current market cap of the company is Rs. 32,127 crore.

The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 20.21% and 4.79% respectively.

Adani Ports and Special Economic Zone (APSEZ), the country’s largest private port developer, has inked a memorandum of understanding (MoU) with the Belgian Port of Zeebrugge, to get access to European markets.

The MoU over a period of time will help in an enhanced movement of traffic to and from APSEZ into Europe and beyond. It will also enable sharing of global best practices including technical know-how between two of the leading port developers globally.

APSEZ was keen to jointly explore marketing initiatives and strategies to promote Indo-European trade relations across both the ports via shipping lines.

Related Adani Ports and Special Economic Zone Ltd. Links:

Adani Ports &Special Share Price

365.60 -0.80 (-0.22%) Nov 18, 18:01
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Company Name CMP
Adani Ports &Special 365.60
Gujarat Pipavav Port 84.50
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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