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Adani Ports expands partnership with Kaleris
To advance next-gen capabilities across its ports and logistics network
Stock Alert: APSEZ, Infosys, Dhanuka Agritech, Concord Biotech, Mufin Green Finance, Canara Bank
Adani Ports & Special Economic Zone (APSEZ) handled cargo volumes of 48.3 million metric tonnes (MMT) in May, marking a 16% year-on-year increase, driven by strong growth across key ports and cargo segments. However, the company's logistics business witnessed a decline, with rail volumes falling 19% year-on-year to 48,170 TEUs during the month.
Stocks to Watch for June 3: Canara Bank, Adani Ports, John Cockerill, Concord Biotech and more
Adani Ports cargo up 15%, rail volumes down 19 percent, Canara Bank to raise ₹8500 crore via bonds, Concord Biotech gets US FDA nod, Dhanuka Agritech starts buyback. Here are few stocks to track ahead of Wednesday trading session.
Adani Ports to acquire 100% stake in Jaypee Fertilizers & Industries
JFIL is the holding company of Kanpur Fertilizers and Chemicals (KFCL) (which has certain industrial and commercial lands in Kanpur). KFCL holds ~243 acres of land in Kanpur, strategically ideal for development of a world-class logistics park and warehousing facilities aligned with the Company's logistics business. The acquisition shall further consolidate Company's inland logistics presence and service capabilities in North India. The acquisition aligns with Company's ambition to expand its MMLP network from 12 to 16 and warehousing capacity by c.4x by the year 2031.
Adani Ports to Adani Power: Adani Group stocks advance after reports of US to settle fraud lawsuit against Gautam Adani
On May 15, shares of Adani companies saw gains amid news that US authorities might dismiss fraud charges against Gautam Adani. Adani plans to invest $10 billion in the US, generating around 15,000 jobs, while settling a civil fraud lawsuit.
Momentum Stocks: Visa Steel hits upper circuit; Adani Ports, Laurus Labs at new high
Visa Steel, California Software, Omax Autos, Axiscades Technologies, Sterlite Technologies, DCM Shriram Fin were locked in the upper band, reflecting strong demand and limited supply—often a sign of bullish near-term sentiment.