Adani Ports and Special Economic Zone Ltd (APSEZ) is a leading Indian multinational corporation engaged in the business of ports and logistics. The company’s shares are currently trading at a CMP (current market price) of 547 on the Sensex (BSEINDIA). CA RAKESH KUMAR SINGHAL’s charts for APSEZ indicate a crucial support level at 429 and an important resistance level at 670.
APSEZ operates several ports across India, including Mundra, Hazira, Dahej, Dhamra, and Kattupalli, among others. The company has a dominant market share in India’s port sector and is well-positioned to benefit from the country’s growing trade volumes. APSEZ has also been expanding its presence internationally, with investments in ports and logistics infrastructure in countries such as Australia and Sri Lanka.
In recent years, APSEZ has been focused on expanding its logistics business, which includes freight forwarding, inland container depots, and rail and road transportation. The company’s logistics segment has been growing rapidly and is expected to be a key growth driver going forward.
Despite the challenges posed by the COVID-19 pandemic, APSEZ has continued to perform well financially. The company reported a consolidated revenue of INR 8,106 crore for Q3 2021, up 18% YoY. The company’s net profit for the same period was INR 1,561 crore, up 26% YoY.
Looking ahead, APSEZ is well-positioned to benefit from India’s growing trade volumes and the increasing demand for logistics services. The company’s strong market position, diversified business model, and focus on innovation and efficiency make it a compelling investment opportunity for investors looking to gain exposure to India’s rapidly-growing economy.
In conclusion, APSEZ is a leading Indian multinational corporation engaged in the business of ports and logistics. The company’s shares are currently trading at a CMP of 547 on the Sensex, with crucial support at 429 and important resistance at 670. APSEZ’s diversified business model, focus on innovation, and strong market position make it a compelling investment opportunity for investors looking to gain exposure to India’s rapidly-growing economy.
