The company announced Q3 results during trading hours today, 28 January 2013.
Meanwhile, the BSE Sensex was down 3.07 points or 0.02% at 20,100.46.
On BSE, 2.08 lakh shares were traded in the counter as against average daily volume of 2.11 lakh shares in the past one quarter.
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The stock hit a high of Rs 131.65 and a low of Rs 127.50 so far during the day. The stock had hit a 52-week high of Rs 157.80 on 22 February 2012. The stock had hit a 52-week low of Rs 105.15 on 24 August 2012.
The stock had underperformed the market over the past one month till 25 January 2013, sliding 3.4% compared with the Sensex's 4.41% rise. The scrip had also underperformed the market in past one quarter, rising 0.08% as against Sensex's 7.17% surge.
The large-cap company has equity capital of Rs 400.68 crore. Face value per share is Rs 2.
Adani Ports and Special Economic Zone (APSEZ) today, 28 January 2013, said the board of directors of the company has in-principle decided to divest the company's significant stake in entities controlling the Abbot Point Coal Terminal in Queensland, Australia to the Adani family, subject to requisite approvals, formalities and clearances, at a valuation determined by an independent valuer. This divestment will further enhance the financial strength of APSEZ in order to pursue its plans to acquire/set up new ports and logistics assets in India, the company said in a statement. APSEZ will focus on high growth Indian ports and logistics sector and maintain its leadership position in India, the company said while providing the logic for its decision to divest its stake in entities controlling the Abbot Point Coal Terminal, Australia.
Adani Ports and Special Economic Zone is engaged in business of developing, operating and maintaining the port and port related infrastructure facilities including multi-product special economic zone.
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