Adani Ports Sheds Around 4% After Reporting Earnings Of Rs 1,288 Crore In March Quarter

INSUBCONTINENT EXCLUSIVE:
Shares of Adani Ports were last trading 3.76 per cent lower at Rs 739.90 on the BSE.Share price of multinational conglomerate Adani Ports
and Special Economic Zones declined around four per cent on Wednesday, May 5, a day after the company announced its January-March quarter
results for the financial year 2020-21
On Wednesday, Adani Ports opened at Rs 775, witnessing an intra day high of Rs 779 and an intra day low of Rs 733 on the BSE, in the trading
session so far
According to a regulatory filing by the port-to-energy conglomerate to the stock exchanges, Adani Ports reported a net profit of Rs 1,287.81
crore in the March quarter for the fiscal year 2020-21
corresponding quarter last year
Currently, Adani Ports is the country's largest integrated ports and logistics company and is involved in the management of the complete
The country's largest private multi-port operator recently acquired stakes in Ennore, Krishnapatnam, and Gangavaram ports.On the NSE, Adani
Ports opened at Rs 772, touching an intra day high of Rs 774.80, and an intra low of Rs 732.70, in the session so far
It was last trading 3.71 per cent lower at Rs 740.20 on the NSE.Shares of Adani Ports were last trading 3.76 per cent lower at Rs 739.90 on
the BSE.