Adani Ports traded at 1,784.00 this Monday May 18th, decreasing 11.10 or 0.62 percent since the previous trading session. Looking back, over the last four weeks, Adani Ports lost 13.03 percent. Over the last 12 months, its price rose by 27.58 percent. Looking ahead, we forecast Adani Ports to be priced at 1,756.68 by the end of this quarter and at 1,646.30 in one year, according to Trading Economics global macro models projections and analysts expectations.
Adani Ports and Special Economic Zone Limited is an India-based port infrastructure company. The Company is engaged in the business of developing, operating and maintaining the Port and Port-based related infrastructure facilities, including Multi product Special Economic Zone (SEZ). Its segments include Port and SEZ Activities, and Others. Its Others Segment mainly includes Aircraft Operating Income and Services. The Company also provides logistics and infrastructure that moves goods from the port to customers. Its port services include marine, handling intra-port transport, storage, other value-added and evacuation services for a range of customers, primarily terminal operators, shipping lines and agents, exporters, importers and other port users. The categories of cargo handled at the Company's ports are bulk, containers and crude oil. It operates approximately 10 ports/terminals spread across over five states of India, including Gujarat, Goa, Andhra Pradesh, Tamil Nadu and Odisha.