InvestorQ : Why did the shares of Adani Ports SEZ rally so sharply? Is it because of the recent acquisition they have made?
Arusha Ray made post

Why did the shares of Adani Ports SEZ rally so sharply? Is it because of the recent acquisition they have made?

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3 months ago
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Adani Ports SEZ managed to hit a new high of Rs.670 during the week after the company had completed the acquisition of 100% stake of Dighi Port Limited for a consideration of Rs.705 crore. In addition, Adani Ports will also invest Rs.10,000 crore to develop the port into a full-fledged multi-cargo port. Adani Ports will also invest in the support rail and road evacuation infrastructure for efficient cargo movement.

With the acquisition of Dighi Port, Adani Ports marks its presence in the state of Maharashtra. The volume momentum will be driven by external factors like global and local trade momentum, but an improved cargo infrastructure will go a long way in making the process efficient and smooth.

With world economies gradually clocking growth, the global trade momentum should also pick up. That is where Adani Ports’ scale and 360-degree presence can make a difference. Interestingly, the stock of Adani Ports has already rallied 75% in the last 3 months compared to an 18% rally in the Sensex.

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