INSUBCONTINENT EXCLUSIVE:
Adani Ports and Special Economic Zone (APSEZ) shares surged 3.6% to their intraday high of Rs 1,151.95 on the BSE on Tuesday after the
company officially commenced operations at the Colombo West International Terminal (CWIT), a project that began construction in 2022.Located
PLC, and the Sri Lanka Ports Authority.The CWIT project represents an $800 million investment and features a 1,400-metre quay length and a
depth of 20 metres, enabling it to handle approximately 3.2 million Twenty-foot Equivalent Units (TEUs) annually.Notably, CWIT is the first
fully automated deep-water terminal in Colombo
transshipment hub in South Asia.Gautam Adani, Chairman of the Adani Group, called the commencement of operations a momentous milestone in
regional cooperation between India and Sri Lanka
Trendlyne data, the average target price for the stock is Rs 1,541, implying a potential upside of 39% from current levels
Rs 1,111.5 on the BSE, down 3.23%, while the benchmark Sensex declined 2.95%
The stock has fallen 9% year-to-date and 19% over the past year
