What was the reason for Adani Ports rallying 15% on 06 April?
Answer
Answer
Adani Ports reported 41% jump in cargo volumes in Mar-21. Total port volumes for March stood at 26 MMT and 73 MMT for the Mar-21 quarter. Cargo volumes in FY21 were up 11% at 247 MMT. Adani Ports SEZ crossed JNPT in container volumes with 41% all-India share. The control of Krishnapatnam and Gangavaram gives Adani good share of East Coast trade.