Adani Ports and Special Economic Zone Ltd.

Adani Ports and Special Economic Zone is currently trading at Rs. 360.75, up by 1.05 points or 0.29 % from its previous closing of Rs. 359.70 on the BSE.

The scrip opened at Rs. 359.50 and has touched a high and low of Rs. 366.15 and Rs. 358.00 respectively. So far 192612 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 368.70 on 06-Jun-2017 and a 52 week low of Rs. 195.55 on 24-Jun-2016.

Last one week high and low of the scrip stood at Rs. 366.15 and Rs. 350.55 respectively. The current market cap of the company is Rs. 74751.00 crore.

The promoters holding in the company stood at 61.30 %, while Institutions and Non-Institutions held 33.64 % and 5.06 % respectively.

Global ratings agency Standard and Poor’s (S&P) has revised up the outlook on Adani Ports and Special Economic Zone to ‘stable’ from ‘negative’ on expectation of better operating performance and limiting related-party lending. The stable outlook reflects that Adani Ports will maintain consistent operating performance and leverage, and limit related-party transactions over the next 12-24 months.

The agency, however, affirmed its rating on the company at ‘BBB-’ as it expects the company, which runs the largest private sector operator port in Mundra in Gujarat, will sustain its improved operating performance supported by healthy revenue growth and strong pre-tax margins at 63-65 per cent levels.

Adani Ports is part of Adani Group with businesses spanning coal trading, coal mining, oil & gas exploration, ports, multi-modal logistics, power generation & transmission and gas distribution. It represents a large network of ports with India’s largest Special Economic Zone (SEZ) at Mundra.