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APSEZ corrects on profit booking

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Capital Market

Adani Ports and Special Economic Zone fell 0.88% to Rs 365.40 at 15:07 IST on BSE on profit booking after the stock rose 14.54% in the preceding six trading sessions to Rs 368.65 on 20 August 2015 from a recent low of Rs 321.85 on 12 August 2015.

Meanwhile, the BSE Sensex was down 213.49 points, or 0.77%, to 27,394.33.

On BSE, so far 2.45 lakh shares were traded in the counter, compared with an average volume of 2.78 lakh shares in the past one quarter.

The stock hit a high of Rs 367 and a low of Rs 356.65 so far during the day. The stock hit a record high of Rs 374.70 on 20 August 2015. The stock hit a 52-week low of Rs 244 on 17 October 2014.

 

The stock had outperformed the market over the past one month till 20 August 2015, rising 12.02% compared with 2.86% fall in the Sensex. The scrip had also outperformed the market in past one quarter, rising 7.65% as against Sensex's 0.82% decline.

The large-cap company has an equity capital of Rs 414.19 crore. Face value per share is Rs 2.

On consolidated basis, Adani Ports and Special Economic Zone (APSEZ)'s net profit rose 12.8% to Rs 640.88 crore on 32.4% growth in total income to Rs 1897.21 crore in Q1 June 2015 over Q1 June 2014.

APSEZ, a part of the Adani Group, is India's largest private port operator.

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First Published: Aug 21 2015 | 3:08 PM IST

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