new Delhi. Apart from all the big stocks in the month of November, there has been one such stock whose performance is quite good and consistent. The name of that share is Adani Ports. This company of Adani Group has battered investors in 8 months. The stock of this company has seen a return of around 200 percent. Even today the shares of the company are seeing a rise of more than 6.5 percent. Let us tell you that at the time of corona virus lockdown, the company’s stock reached around 200 rupees. Whereas in the month of November last year, the company’s stock was higher than the current level.
Adani Ports shares rose sharply
Today, if we look at the shares of Adani Ports, at present, on the BSE, it is trading at Rs 398.80, up by 6.33 per cent, or Rs 23.75. While today the company’s stock reached the day’s high with Rs 401.85. Today the company’s stock was opened with Rs 378. While the company’s stock closed at Rs 375.10 on Monday.
Turnover in November
If we talk about the business of November so far, on November 2, the company’s stock closed with a decline of Rs 357.25. Which has seen a rise of about 13 percent. That is, since then there has been an increase of about 44 rupees. Which are quite consistent. According to experts, the company’s share may continue to increase.
Company’s market cap doubled
If we talk about the company’s market cap, then it has doubled in eight months. On March 23, when the company’s stock had reached a 52-week low of Rs 203.40, the company’s market cap was around Rs 41 thousand crore. Today, the company’s share price came to Rs 401.85, which came to around Rs 81,300 crore. That is, during this time, the market cap of the company has increased almost double.
Why is the stock rising
The Dow Jones Sustainability Emerging Markets Index ranked Adani Ports and the Special Economic Zone at 14th in the highly competitive global transportation and transportation infrastructure sector. Adani Ports and Special Economic Zone is the only company in India that has been incorporated in this area. For this reason, the shares of the company are increasing by more than 6 percent today.