Adani Ports Reports Highest Ever Monthly Cargo Volume In January

Adani Ports and Special Economic Zone Ltd. recorded its highest ever monthly cargo volume in January, as it handled 39.9 million metric tonnes. This marks a 13% increase compared to last year.

During the month under review, the volume of cargo handled stood at 39.9 MMT, and this was led by containers, which increased 32% compared to last year. This was also supported by liquids and gas, which posted 18% rise against last year.

Year-to-date in January 2025, APSEZ handled 372.2 MMT of total cargo. This marks a 7% increase YoY. This was led by containers which showed a 20% increase compared to last year. The liquids and gas also recorded 9% growth year-on-year.

The year to date January 2025 logistics rail volumes stood at 0.53 million twenty-foot equivalent units, up 9% compared to last year. The general purpose wagons investment scheme was at 18.1 MMT volumes. This also marks a 12% increase on a year-on-year basis.

Adani Ports stock rose as much as 2.24% during the day to Rs 1,109.20 apiece on the NSE. It was trading 1.41% higher at Rs 1,100.35 apiece, compared to a 0.62% advance in the benchmark Nifty 50 as of 10:29 a.m.

It was down 12.90% in the last 12 months. The relative strength index was at 45.93.

All 17 analysts tracking the company have a 'buy' rating on the stock, according to Bloomberg data. The 12-month analysts' consensus target price on the stock is Rs 1,568.8, implying an upside of 42.4%.

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