Adani Ports and Special Economic Zone lost 2.33% to Rs 163.20 at 14:40 IST on BSE, with the stock sliding on profit booking after recent rally.
Meanwhile, the S&P BSE Sensex was up 214.26 points or 1.03% at 20,922.88.
On BSE, so far 1.40 lakh shares were traded in the counter as against average daily volume of 3.58 lakh shares in the past one quarter.
The stock hit a high of Rs 167.85 and a low of Rs 161.55 so far during the day. The stock had hit a 52-week low of Rs 118 on 5 August 2013. The stock had hit a 52-week high of Rs 175 on 20 May 2013.
The stock had outperformed the market over the past one month till 19 December 2013, advancing 8.16% compared with the Sensex's 0.87% fall. The scrip had also outperformed the market in past one quarter, jumping 20.82% as against Sensex's 0.3% rise.
The large-cap company has equity capital of Rs 414.01 crore. Face value per share is Rs 2.
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Shares of Adani Ports and Special Economic Zone (APSEZ) had rallied 9.93% in four trading sessions to settle at Rs 167.10 on Thursday, 19 December 2013 from a recent low of Rs 152 on 13 December 2013.
APSEZ said on 18 December 2013 that it has completed the Rs 400-crore steam coal import terminal at Visakhapatnam port, eight months ahead of schedule marking an entry on the east coast of India. The Adani Vizag Coal Terminal, a subsidiary of APSEZ, had entered into a concession agreement with Vishakhapatnam Port Trust to set up a steam coal handling facility project with a capacity of 6.4 million tonnes a year in March 2011 with a completion deadline of August 2014.
APSEZ's consolidated net profit rose 24.5% to Rs 343.03 crore on 47.1% growth in net sales to Rs 1045.87 crore in Q2 September 2013 over Q2 September 2012.
APSEZ is engaged in business of developing, operating and maintaining the port and port related infrastructure facilities including multi-product special economic zone. The company plans to handle 200 million tonnes of cargo by 2020.
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