Stocks

Adani Ports shares soar 3.6%

BL Internet Desk Chennai | Updated on January 09, 2018 Published on November 22, 2017

Shares of Adani Ports jumped as much as 3.6% intraday on Wednesday as the company has appointed Mrithyunjay Chandilya as Chief Executive Officer — Logistics Business.

Chandilya comes with global exposure and strong work experience in leadership positions at multinational and consulting organisations, the private port developer had said in a statement yesterday.

Following a positive open at Rs 403.90 against the previous close of Rs 401.20, the scrip touched an intraday high of Rs 415.70 and a low of Rs 401.55. In terms of equity volume, 2.28 lakh shares exchanged hands on the BSE.

The stock ended the session up by 3.27 per cent at Rs 414.30.

The company posted a consolidated net profit of Rs 992 crore in the September quarter this year against Rs 1,072 crore last year. Consensus forecast for September quarter consolidated net profit was Rs 845 crore.

September quarter consolidated revenue from operations stood at Rs. 2,706 crore against Rs. 2,173 crore last year.

Published on November 22, 2017
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