Adani Ports share price hits 52-week high registering a growth of 10 percent YoY

Adani Ports share price hits 52-week high  registering a growth of 10 percent YoY

Adani Ports and Special Economic Zone share price gained over 2 percent intraday on December 2 after the company announced its operational performance for the month of November.

The company reported cargo volume handled excluding Krishnapatnam Port registering a growth of 10 percent on year on year basis. Overall, in November 2020, Adani Ports handled cargo volume of 24 mmt which includes 3 mmt handled at Krishnapatnam Port.

The stock was trading at Rs 432.75, up Rs 9.00, or 2.12 percent. It has touched a 52-week high of Rs 435.10.

Adani Ports reported a 31.57 percent increase in its consolidated profit to Rs 1,393.69 crore for the second quarter ended on September 30, 2020. The country's largest integrated logistics player had clocked a consolidated net profit of Rs 1,059.20 crore in the corresponding period a year earlier, the company said in a BSE filing.