NSEAbout 1.06 crore shares of Adani Ports & Special Economic Zone Ltd. (APSEZ) changed hands in a large deal on the exchanges on Friday.The number of shares that changed hands amount to 0.5% of the companies overall equity.
Shares changed hands at an average price of ₹1,386 per share.While the buyers in the transaction are not known yet, sources have told CNBC-TV18 that a strategic investor is likely to be the seller in this transaction.Promoters of Adani Ports held a 65.89% stake in the company at the end of the March quarter.Mutual Funds owned a 3.1% stake in Adani Ports at the end of the March quarter.
India's largest insurance company LIC has a 7.86% stake in Adani Ports.GQG Partners, one of the biggest bulls in the Adani Group companies, holds close to 4% in the company.Adani Ports has guided for cargo volumes to range between 460 MT to 480 MT in financial year 2025, which is a 23% growth when compared to the higher end of the revised guidance of 390 MT in the previous financial year.Out of the 21 analysts that have coverage on Adani Ports, 19 of them have a "buy" rating, while the other two have a "hold" recommendation.Shares of Adani Ports are currently trading 2% lower at ₹1,413.
The stock is up 35% so far in 2024 and has gained 96% in the last 12 months.
NSE
About 1.06 crore shares of Adani Ports & Special Economic Zone Ltd. (APSEZ) changed hands in a large deal on the exchanges on Friday.The number of shares that changed hands amount to 0.5% of the companies overall equity. Shares changed hands at an average price of ₹1,386 per share.While the buyers in the transaction are not known yet, sources have told CNBC-TV18 that a strategic investor is likely to be the seller in this transaction.Promoters of Adani Ports held a 65.89% stake in the company at the end of the March quarter.Mutual Funds owned a 3.1% stake in Adani Ports at the end of the March quarter. India's largest insurance company LIC has a 7.86% stake in Adani Ports.GQG Partners, one of the biggest bulls in the Adani Group companies, holds close to 4% in the company.Adani Ports has guided for cargo volumes to range between 460 MT to 480 MT in financial year 2025, which is a 23% growth when compared to the higher end of the revised guidance of 390 MT in the previous financial year.Out of the 21 analysts that have coverage on Adani Ports, 19 of them have a "buy" rating, while the other two have a "hold" recommendation.Shares of Adani Ports are currently trading 2% lower at ₹1,413. The stock is up 35% so far in 2024 and has gained 96% in the last 12 months.
