MUMBAI: The stock worth of Adani Ports & SEZ, which owns and operates Haifa port in Israel, crashed 5.5% in early trades on Monday however closed off the low at Rs 790, down 4.9%. Insiders referred to as it a knee-jerk response to the information from West Asia. The firm stated its operations on the Israel port had been unaffected because the combating in Israel was concentrated at a distinct a part of the nation.
The stock opened at Rs 805, down 3% on the day, dipped to an intraday low at Rs 786 however recovered some floor at shut. Adani Ports stated its operations are unlikely to be affected because the combating is concentrated within the south of Israel whereas Haifa port is within the north. It support that presently this port contributes simply 3% to the corporate’s total enterprise when it comes to whole cargo tonnage.
The troubles in West Asia did not impression different firms like Sun Pharma, Tech Mahindra and TCS that even have a presence in Israel.
The stock opened at Rs 805, down 3% on the day, dipped to an intraday low at Rs 786 however recovered some floor at shut. Adani Ports stated its operations are unlikely to be affected because the combating is concentrated within the south of Israel whereas Haifa port is within the north. It support that presently this port contributes simply 3% to the corporate’s total enterprise when it comes to whole cargo tonnage.
The troubles in West Asia did not impression different firms like Sun Pharma, Tech Mahindra and TCS that even have a presence in Israel.
