Steady volume gains a positive sign for Adani Ports and SEZ stock

Increase in promoter pledges and debt levels continue to be key monitorables

Topics
Adani Ports | Markets | Volumes

Ram Prasad Sahu 

The Adani Ports and SEZ stock is trading at close to its 52-week high and has gained about 9 per cent since the start of the month. Half of those gains came on Tuesday after the company was recently ranked 14th in the transportation and transportation infrastructure sector by the Dow Jones Sustainability Emerging Markets Index 2020.

What could sustain the rally in the near term is expectation of steady improvement in port volumes and market share gains. Cargo volume across major ports continues to gather steam and is up 5 per cent in October on a sequential basis. While volumes are ...

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First Published: Tue, November 24 2020. 19:55 IST
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