Adani Ports and Special Economic Zone Ltd.

Adani Ports and Special Economic Zone is currently trading at Rs 149.20, up by 2.95 points or 2.02% from its previous closing of Rs 146.25 on the BSE.

The scrip opened at Rs 149.60 and has touched a high and low of Rs 150.00 and Rs 148.40 respectively. So far 119995 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs.162.40 on 06-Feb-2013 and a 52 week low of Rs 105.15 on 24-Aug-2012.

Last one week high and low of the scrip stood at Rs 150.00 and Rs 143.35 respectively. The current market cap of the company is Rs 29830.54 crore.

The promoters holding in the company stood at 77.50% while Institutions and Non-Institutions held 15.77% and 6.73% respectively.

Adani Ports and Special Economic Zone (APSEZ), the country's largest private port, has bagged security clearance from the Union Home Ministry to bid for port projects in the country. Earlier it was denied permission to participate in such projects by the home ministry, which disturbed the company's expansion plans within the country as it could not bid for projects worth Rs 20,000 crore. As the security clearance, the entity can now bid for all port projects in the country, which includes two projects at Kandla Port and one at Cochin Port.

The company has reported 33.75% rise in its net profit at Rs 415.43 crore for the quarter ended December 31, 2012 as compared to Rs 310.60 crore for the same quarter in the previous year. Total income of the company has increased by 32.32% at Rs 927.36 crore for quarter under review as compared to Rs 700.82 crore for the quarter ended December 31, 2011.