Adani Ports surges nearly 6% on strong Q1 earnings 16/08/2016 12:13

Adani Ports surges nearly 6% on strong Q1 earnings
16/08/2016 12:13
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Shares of Adani Ports and Special Economic Zone rallied nearly 6 per cent on the Bombay Stock Exchange after logistic arm of Adani group reported a growth of 31 per cent in its consolidated net profit after tax (PAT) at Rs 835.71 crore for the first quarter ended June 30, 2016, on the back of good all round performance.
Extending previous sessions rally, shares of company gained as much as 5.88 per cent in intra-day to trade at Rs 272.45 apiece on Bombay Stock Exchange.
In a similar fashion, stocks of company rose 4.16 per cent to Rs 269.00 apiece on National Stock Exchange.
Meanwhile, the broader benchmark BSE Sensex was trading at 27,991.75, down 160.65 points, or 0.57 per cent, at 12:10 hours.