Read more about Market Wrap Podcast, May 21: Here s all that happened in the markets today on Business Standard. Supported by a rally in other financial stocks, coupled with favourable global cues, the BSE barometer of 30-shares ended at 50,540 levels, up 976 points or 1.9 per cent
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Adani Ports share falls over 5% after firm reports Q3 earnings
Adani Ports stock has gained 54.41% in one year and risen 17.64% since the beginning of this year. Market cap of the firm fell to Rs 1.15 lakh crore.
BusinessToday.In | February 10, 2021 | Updated 14:07 IST
The firm posted consolidated profit of Rs 1,356 crore in the corresponding period a year earlier
Share of Adani Ports and Special Economic Zone Limited (APSEZ), a part of Gautam Adani-led Adani Group, fell over 5% in afternoon trade today even as the firm reported a 16 per cent rise in its Q3 net profit.
Adani Ports share touched an intraday low of Rs 550.6, down 5.38% against previous close of Rs 581.90 on BSE.
Adani Ports Q3 profit rises 16% to Rs 1,577 crore, revenue up 12%
Adani Ports Q3 results: The company s total consolidated income increased by 11.6 per cent to Rs 4,274.79 crore for the December quarter of 2020 as against Rs 3,830.43 crore in the year-ago period
BusinessToday.In | February 9, 2021 | Updated 15:51 IST
Adani Ports and Special Economic Zone posts Rs 1,577 crore profit in December quarter
Adani Ports and Special Economic Zone Limited (APSEZ), a part of Gautam Adani-led Adani Group, on Tuesday reported 16 per cent rise in its consolidated net profit at Rs 1,577 crore for the third quarter ended on December 31, 2020, on the back of 37 per cent growth of cargo volume. The country s largest integrated logistics player had posted consolidated profit of Rs 1,356 crore in the corresponding period a year earlier, Adani Ports said in a BSE filing.
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Adani Group completes acquisition of 23.5% stake in Mumbai Airport; to hike ownership to 74%
Billionaire Gautam Adani-led Adani Group has completed acquisition of 23.5 per cent equity stake in Mumbai International Airport Limited (MIAL) from Airports Company South Africa (ACSA) and Bid Services Division (Mauritius) Limited for Rs 1,685.2 crore. The Indian multinational conglomerate is set to extend shareholding to 74 per cent in MIAL, a joint venture between the Airports Authority of India and GVK Industries, which would provide the Group ownership of the upcoming Navi Mumbai airport, in which MIAL holds majority stake.
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