Adani Ports and Special Economic Zone Limited (APSEZ) saw a decline in its market capitalization as shares dropped by 4.04%, trading at ₹1,338 on the NSE, down from the previous close of ₹1,394.40. This resulted in an approximate market cap loss of ₹11,789 crore, bringing the company’s current market cap to ₹2,89,026.59 crore.
APSEZ recently reported handling a total of 37.9 million metric tons (MMT) of cargo during October 2024, keeping the company on track to meet its annual guidance. Key operational highlights include:
- Year-to-Date Cargo Volume Growth: From January to October 2024, APSEZ managed 257.7 MMT of cargo, reflecting an 8% year-on-year (YoY) increase. This growth was primarily driven by container cargo, which rose 19% YoY, followed by liquids and gas segments, which grew by 9%.
- Logistics Rail Volume Increase: APSEZ’s logistics rail volumes saw an 11% YoY growth, reaching 0.36 million TEUs (Twenty-Foot Equivalent Units). Additionally, volumes under the General Purpose Wagon Investment Scheme (GPWIS) increased by 18% YoY to 12.5 MMT.
These figures emphasize APSEZ’s steady growth and robust performance in the logistics sector this year.
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