Shares of Adani Ports and Special Economic Zone Ltd fell about 5% on Monday, August 5, despite the firm announcing a 9.5% year-on-year (YoY) increase in total cargo volume to 37.3 million metric tonnes (MMT) in July.
The company shared in the stock exchange filing that the rise in container volumes was the primary factor for the rise in cargo volume.
Adani Ports handled 146.3 MMT of cargo in the first four months of the current fiscal year, an 8% rise over the same period last year. Containers were the key growth driver, up 18%, followed by liquids and gas, which increased 9%.
Dhamra Port handled 4.6 MMT cargo in July, the highest monthly volume ever.
As of 11:31 am, Adani Ports shares were trading 4.19% lower at ₹1,521.70 on the NSE.
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