Adani Ports Tops Global Peers in Market Value as Cargoes Surge
- Adani Ports’ market cap surpasses other transport operators’
- Acquisitions, Sensex entry expected to fuel more stock gains
Adani Ports handled about 27% of India’s total cargo and around 44% of container cargoes in the year to March 31, according to a company statement.
Photographer: Dhiraj Singh/BloombergThis article is for subscribers only.
Shares of billionaire Gautam Adani’s port operator are primed for further gains after high cargo volumes made it the world’s largest transport operations and services provider by market value.
Adani Ports & Special Economic Zone Ltd.’s market capitalization has climbed to about $37 billion, overtaking peer Beijing-Shanghai High Speed Railway Co. Rising cargoes and entry into India’s benchmark S&P BSE Sensex Index may extend its rally.