Adani Ports Stock in Focus as $750 Million Expansion Doubles Colombo Terminal Capacity to 3.2 Million TEUs
India, Oct. 1 -- Most of the stuff you buy is moved in steel containers on ships. Many of those containers change ships at a hub port on the way. They are on major routes and need deep water and big yards to handle the largest container ships. They were chosen by the shipping lines for their speed, reliability and capacity. That is why a forward-expanding terminal can get more business.
Shares of Adani Ports and Special Economic Zone Ltd. were trading at Rs. 1,763.20, down 1.95 percent from previous close of Rs. 1,798.30. The stock opened at Rs. 1,786.00, reaching an intraday high of Rs. 1,786.00 and low of Rs. 1,761.00. The company currently has a market capitalization of Rs. 4,05,923 crores.
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