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    ADANIPORTS   INE742F01042

ADANI PORTS & SPECIAL ECONOMIC ZONE LIMITED

(ADANIPORTS)
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Indian shares at record highs as COVID-19 curbs ease, cases fall

06/15/2021 | 01:30am EDT

BENGALURU, June 15 (Reuters) - Indian shares traded at all-time highs on Tuesday, as declining COVID-19 infections prompted more parts of the country to open businesses, with sentiment aided by upbeat broader markets.

The blue-chip NSE Nifty 50 index rose 0.52% to 15,894.15 and the benchmark S&P BSE Sensex climbed 0.56% to 52,851.33 by 0457 GMT.

"Globally, there is an upbeat mood on asset prices and we are also moving along with that. The sentiment (for India) is primarily driven by both benign liquidity conditions and optimism that the economy will open up," said Samrat Dasgupta, chief executive of Esquire Capital Investment Advisors.

Many Indian states eased coronavirus restrictions on Monday, including the national capital New Delhi, where authorities allowed all shops and malls to open as the number of new cases dropped to the lowest in more than two months.

On Tuesday, India reported 60,471 new infections, the lowest since March 31.

Meanwhile, broader Asian markets tracked overnight gains on Wall Street, with investors looking to a much-anticipated Federal Reserve policy meeting.

Many investors expect the Fed to maintain its dovish stance at its two-day meeting from Tuesday. Some board members, however, have said the central bank should start discussing tapering its bond-buying.

In Mumbai trading, Reliance Industries Ltd and HDFC Bank Ltd were the top performers on the Nifty 50, adding 1.3% and 0.7%, respectively. Shares of Reliance have gained in the last five consecutive sessions.

Adani Ports and Special Economic Zone Ltd opened 4.5% higher after a steep drop in the previous session. The company rejected of a media report that said accounts of three foreign investor funds that own Adani Group stocks had been frozen. Shares were last down 0.8%.

Adani Power, Adani Transmission and Adani Total Gas fell 5% and were locked in their lower circuits. (Reporting by Rama Venkat in Bengaluru; editing by Uttaresh.V)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ADANI PORTS & SPECIAL ECONOMIC ZONE LIMITED -2.52% 665.35 Delayed Quote.41.15%
ADANI POWER LIMITED -3.32% 94.7 Delayed Quote.96.69%
ADANI TOTAL GAS LIMITED 1.82% 925.05 Delayed Quote.0.00%
ADANI TRANSMISSION LIMITED -2.43% 937.85 End-of-day quote.114.27%
ASIAN PAINTS LIMITED -1.11% 3027.35 Delayed Quote.10.73%
HDFC BANK LIMITED -0.57% 1434.55 End-of-day quote.-0.12%
RELIANCE INDUSTRIES LTD -0.96% 2056.5 Delayed Quote.4.61%
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Financials
Sales 2022 169 B 2 276 M 2 276 M
Net income 2022 63 213 M 850 M 850 M
Net Debt 2022 291 B 3 916 M 3 916 M
P/E ratio 2022 22,3x
Yield 2022 0,97%
Capitalization 1 394 B 18 750 M 18 742 M
EV / Sales 2022 9,95x
EV / Sales 2023 8,03x
Nbr of Employees 2 773
Free-Float 57,1%
Chart ADANI PORTS & SPECIAL ECONOMIC ZONE LIMITED
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Adani Ports & Special Economic Zone Limited Technical Analysis Chart | ADANIPORTS | INE742F01042 | MarketScreener
Technical analysis trends ADANI PORTS & SPECIAL ECONOMIC ZONE LIMITED
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Last Close Price 682,80 INR
Average target price 830,60 INR
Spread / Average Target 21,6%
EPS Revisions
Managers and Directors
Karan Gautambhai Adani Chief Executive Officer & Executive Director
Gautambhai Shantilal Adani Chairman & Managing Director
Kamlesh Prabhudas Bhagia Secretary & Compliance Officer
Gopal Krishna Pillai Independent Non-Executive Director
Bharat Kanaiyalal Sheth Independent Non-Executive Director