Steady volume gains a positive sign for Adani Ports and SEZ stock

Topics Adani Ports | Markets | Volumes

The Adani Ports and SEZ stock is trading close to its 52-week high and has gained about 9 per cent since the beginning of the month. Half the gains came on Tuesday after the company was recently ranked 14th in the transportation and transportation infrastructure sector by the Dow Jones Sustainability Emerging Markets Index 2020. What could sustain the rally in the near term is expectation of steady improvement in port volumes and market share gains. Cargo volumes continue to gather steam across major ports and were up 5 per cent in October on a sequential basis. While volumes are stil.....

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