Adani Ports & SEZ Limited: Adani Group company Adani Wilmar or any other is giving good returns to the investors. Another Adani Group company, Adani Ports and Special Economic Zone (APSEZ) posted strong profits for the quarter that ended September. The company’s consolidated net profit is Rs 1677.48 crore, an increase of 68.5 percent over the same period a year ago.
Shares climbed to Rs 840.90
Adani Ports and Special Economic Zone (APSEZ), a group company of Adani Group, posted a profit of Rs 995.34 crore in the same period a year ago. After the huge profit of the company, its stock jumped by more than two percent and this share increased to Rs 840.90. The stock has gained more than 4 percent during the last five days. The 52-week high of this stock is Rs 987.85 and the low is Rs 651.95.
APSEZ’s revenue jumped
5210.8 crore, up 33% in the July-September 2022 quarter. It was Rs 3992.85 crore in the same period a year ago. Karan Adani, Chief Executive Officer (CEO) of Adani Ports and Special Economic Zones, said that the first half of the current financial year is a record half-year for the company. The stock of Adani Ports has gained 15 percent so far this year.
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