Adani Ports & Special Economic Zone (APSE.NS) shares surged 7.2% intraday, emerging as a top Nifty 50 gainer amid anticipation for Q3 FY26 results board meeting today. The stock builds on a 7.24% weekly gain, trading above ₹1,400 with high volumes, fueled by robust cargo growth and analyst optimism.
Stock Performance
APSE.NS opened at ₹1,348, hit highs near ₹1,406, and traded at ₹1,403+ by late morning, up from previous close of ₹1,345. Volume spiked to 2.8M shares; market cap nears ₹3,23,000 Cr. 52-week range: ₹1,036-₹1,549.
Key Highlights
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Weekly Surge: Up 7.24% in past week; 1-year return 29.43%, 3-year 203%.
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Financial Strength: TTM EPS ₹51.90, PE 27x, ROE 17.81%; Q2 PAT ₹3,109 Cr, up YoY.
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Board Meeting Today: Q3 FY26 results on Feb 3; recent cargo volumes hit record highs.
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Analyst Consensus: 23 analysts rate "Buy/Strong Buy"; targets up to ₹1,880-₹1,920.
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Technicals Bullish: Multiple EMA crossovers signal upward momentum; beta 1.46.
Outlook
Strong port volumes, expansions, and dividend yield of 0.50% bolster appeal despite high valuations. Watch Q3 for sustained rally.
Sources: EconomicTimes.com, Moneycontrol.com