- summary:
- The price of Adani Ports is on a new payment force after expecting profits, and the company’s growth plans confirm the ups of the ups.
Adani Ports 4.16 % rose on Friday, with his strong profits that brought Tailwinds. The shares were traded at 1,267 rupees at the time of writing this report, after it fell from higher levels to 1,295 rupees in a session during the day. It has now gained 7.1 % last month, increased by 3.6 % on an annual basis, confirming the prevailing ups of the upscale.
Optimistic profits, CAPEX height to influence the price of Adani ports
The company, which is part of the Adanyi group, told a 47.8 % jump in its net profit in the fourth quarter of 2012 to 3,014 rupees (about 360 million dollars), driven by 8 % in the volume of cargo to 117.9 million metric tons. In addition, this number defeated the focus on the consensus of the 2662 rupees (about $ 360).
Adanyi Ports and Special Economic Zones (ADANIPORTS) also witnessed that container sizes grow dramatically by 23 %, while its logistical works brought 1030 rupees, an increase of 560 rupees in the corresponding quarter before the year.
In the wake of impressive results, the company announced 7 rupees per share of 2 shares. ADani Ports price momentum is preferred to stay on the upper side in the short term, with support from a rise in trading volume.
The company plans to spend 50,000 rupees ($ 6.02 billion) in Capex in the next five years to reach its goal of dealing with 1 billion metric tons annually by 2030. This can eat his liquidity and exercise down the price of Adani outlets in the long term.
See too
Adanyi ports
Adani Ports Ports is preferred to continue over the axis point at 1,277 rupees. The arrow is likely to fulfill the first resistance at 1,289 rupees. The strongest momentum will break this level, and it can send it up to test a 1300 -headed psychological barrier.
On the other hand, the fracture of less than 1277 rupees will turn the momentum into the negative side. In this case, the first support is likely to be at 1,260 rupees. The collapse under this level will nullify the bullish direction. Moreover, the controlled control by sellers can send the price to less to test 1,249 rupees.
