Latest Updates on Adani Ports
Mood`s has revised Adani ports
rating from negative to stable, while retaining its rating at
Baa3. on 19th June 2017.
"The change in APSEZ`s ratings outlook to stable reflects the stabilization in the company's operating performance and a decline in its financial leverage", said Abhishek Tyagi, a senior analyst at Moody's.
Mood`s earlier changed its outlook from to negative base in May 2016 because of APSEZ`s lower volume growth and also because of increase in capital expenditure and financial leverage.
After this news stock closed with a increase of around 3% at Rs 373.80 at NSE. Analyst are feeling positive and expecting further price rise in coming days..
Adani ports share price on 15th February 2017 witnessed selling pressure and stock closed at Rs.299.95 with a loss of Rs - 7.05 (-2.30%). Day before yesterday stock announced it results and stock witnessed its effects in today trading.
Adani ports on 14th February 2017 announced its results, company posted rise 26% in net profits (Rs.848cr) compared with its last year quarter.
Adani ports is one of the leaders in today's trading (10th February 2017). Stock closed at Rs 311.25 with a gain of 2.12%, stock was consolidating at current levels from last few days and has now closed above, technical indicates further bulls action expecting and Adani Port will find resistance @ 317 its previous top.