Adani Ports shares trade lower; Q4 and annual earnings expected

Shares of Adani Ports and Special Economic Zone Ltd are also in focus as the Adani Group will announce its Q4 and annual earnings this week. Adani Ports shares were trading lower at 729.35 in early trade today compared to the previous close of 737.45 on BSE. Stocks fell yesterday after three days of rally. Adani Ports shares have lost 0.57 per cent in one year and fell 11 per cent since the beginning of this year.

The company's market cap fell to Rs. 1.57 lakh crore on BSE. The total number of shares of the firm has changed hands amounting to a turnover of 9.42 crore on BSE. On September 20th, 2022, the stock reached a 52-week high of 987.90 and a 52-week low of 394.95 on February 3rd, 2023.

The relative strength index RSI of Adani Ports is 65.5, signaling that it's trading neither in the overbought nor oversold zone. Adani Ports' stock has a one-year beta of 1.7, which indicates very high volatility during the period. Adani Ports shares are trading higher than the 5 day, 20 day, 50 day and 100 day moving averages but lower than 200 day moving averages.

Kotak Institutional Equities sees Adani Ports posting a net profit increase of 80 per cent year-on-year to Rs 1,842 in net profit. In the last quarter, the company generated 80 billion rupees compared to 1,024 billion in the same period last year.

Sales will rise 30.80 percent YoY to Rs.5,028. In the same quarter last year, 50 crores were earmarked in Rs. 3,845 crores. The Adani Group's EBITDA margin will be 63.8 percent, up 184 basis points YoY over 62 per cent in the year-ago quarter.

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80 billion yen will be spent in the new year. Revenue is projected to climb 28.4% to Rs 4,938. 30 crore yen for the year 2016 amounted to Rs. 30 billion a year. EBITDA is expected to increase 31 per cent to Rs. 3121 crore by the end of the year.

Adani Ports reported a 16% drop in consolidated net profit in December 2022, compared to Rs 1,567 crore in the same period last year.

Revenue from operations rose 17% year-on-year to Rs 4,786 crore in Q3 compared to Rs 4,072 crore in the third quarter of last year. The company logged a 15% rise in EBITDA earnings before interest, taxation, depreciation and amortization to Rs. 3000 crore, compared with Rs. 2612 crore in the corresponding quarter last year.

Adani Wilmar is to enter the whole wheat category with brand Fortune.