ADANI GROUP'S THIS COMPANY TO JOIN SENSEX, REPLACING WIPRO

Tomorrow is a big day for Adani Group as Adani Ports and Special Economic Zone Ltd, India’s largest port operator, will be included in the BSE benchmark index, Sensex, starting, Monday, June 24. The Adani Ports and SEZ will take the place of IT company Wipro Limited.

When This Change In Index Take Effect?

The changes to the index took effect on Friday, June 21.

Adani Ports Share Price

On Friday, June 21, shares of Adani Ports saw a 1 per cent rise. The stock reached an intra-day high of Rs 1,485 per share on the National Stock Exchange of India (NSE).

Adani Ports & SEZ Stock Performance In Last Week

The stock has seen a 5.5 per cent increase over the past five trading sessions.

Adani Ports & SEZ Stock Performance From Year-To-Date

The share has witnessed a remarkable 41 per cent rise year-to-date.

Adani Ports & SEZ Stock Performance Over Past Year

Over the past year, Adani Ports' stock has soared by an impressive 97 per cent.

Why There Is Sudden Rally In Stock Price?

The recent rise in share price is linked to the anticipated inclusion in the SENSEX, which is expected to attract more investment inflows.

Adani Ports & SEZ's Mcap Surged

This surge in stock price has boosted Adani Ports’ market value to over $37 billion, making it the world’s largest transport operations and services provider, surpassing the Beijing-Shanghai high-speed railway.

Adani Ports & SEZ: cargo Volume

Adani Ports reported handling 27 per cent of India’s total cargo and 44 per cent of its container cargo for the year ending March 31. The volume of cargo handled increased by 24 per cent during FY24 compared to the previous year, with ten of its domestic ports achieving record highs.

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Adani Ports & SEZ Q4 Results: Consolidated Net Profit

For the quarter ending March 2024, Adani Ports recorded a consolidated net profit of Rs 2,014.8 crore, a 77 per cent increase from Rs 1,139.07 crore in the same period last year.

Adani Ports & SEZ Q4 Results 2024: Consolidated Revenue

The company’s consolidated revenue from operations grew by 19 per cent to Rs 6,896.50 crore, up from Rs 5,796.85 crore a year ago.

Adani Ports & SEZ: Dividend Announcement

The board of directors has also recommended a dividend of Rs 6 per share.

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