Adani Ports surges 5% to 52-week high on robust Q3 results
Fri, Feb 2, 2024 2:54 PM

Adani Ports surges 5% to 52-week high on robust Q3 results

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Adani Ports shares jumped around 5 percent on February 2 to hit a fresh 52-week high of Rs 1,287.20, a day after the company's Q3 earnings beat estimates. For the December quarter, Adani Ports' net profit more than doubled on-year to Rs 2,250 crore, driven by robust power sales to customers and higher capacity utilisation. Analysts remain bullish on Adani Ports, given the high cargo volumes.

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