ADANI PORTS & SEZ Surges by 10%; BSE 500 Index Up 2.3%
May 23, 2019 10:48 AM

ADANI PORTS & SEZ share price has zoomed 10% and is presently trading at Rs 427.

Meanwhile, the BSE 500 Index is at 15,551 (up 2.3%).

Among the top Gainers in the BSE 500 Index today are ADANI PORTS & SEZ (up 10.3%) and BANK OF BARODA (up 11.5%).

VARDHMAN TEXTILES and LAURUS LABS LTD are among the top losers today.

Over the last one year, ADANI PORTS & SEZ has moved up from Rs 380 to Rs 427, registering a gain of Rs 46 (up 12.2%).

On the other hand, the BSE 500 has moved up from 14,507 to 15,551, registering a gain of 1,044 points (up 7.2%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI POWER (up 148.3%), DCM SHRIRAM (up 126.0%) and BALRAMPUR CHINI (up 103.5%).

What About the Benchmark Indices?

The BSE Sensex is at 40,076 (up 2.5%).

The top gainers among the BSE Sensex stocks today are YES BANK (up 8.2%), INDUSIND BANK (up 6.6%) and SBI (up 6.2%). Other gainers include L&T (up 6.0%) and ICICI BANK (up 4.9%). The most traded stocks in the BSE Sensex are YES BANK and SBI.

In the meantime, NSE Nifty is at 12,035 (up 2.5%). ADANI PORTS & SEZ (up 10.8%) and YES BANK (up 8.9%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,651 to 40,076, registering a gain of 5,425 points (up 15.6%).

ADANI PORTS & SEZ Financial Update...

ADANI PORTS & SEZ net profit stood at Rs 14 billion for the quarter ended December 2018, compared to a profit of Rs 10 billion a year ago. Net Sales rose 5.0% to Rs 28.2 billion during the period as against Rs 26.9 billion in October-December 2017.

For the year ended March 2018, ADANI PORTS & SEZ reported 1.2% decrease in net profit to Rs 38.5 billion compared to net profit of Rs 38.9 billion during FY17.

Revenue of the company grew 34.2% to Rs 113 billion during FY18.

The current Price to earnings ratio of ADANI PORTS & SEZ, based on rolling 12 month earnings, stands at 24.1x.