Shares of Adani Ports & SEZ will start trading on the BSE Sensex from June 24 as part of the index rejig. The Adani Group company will replace Wipro, whose shares will be excluded. Adjustments for the change will occur today, June 21. Adani Ports and SEZ share price falls over 2% to intraday lows of Rs 1450.02 on NSE.
According to Nuvama Alternative and Quantitative Research, shares of Adani Ports may have received inflows worth $259 million on Friday when the adjustment took place. Wipro shares, now excluded from the Sensex, were estimated by Nuvama to have outflows amounting to $170 million.
Adani Ports Share Performance In Last One Year
In terms of stock performance, Adani Ports shares have demonstrated positive returns across multiple time frames. Over the past month, the stock has given a commendable 7.45% return, showcasing its stability and growth potential. The last six months have seen even more impressive results, with a substantial increase of 51.90%, indicating a strong upward trend.
Year-to-date, Adani Ports shares have surged by 82%, reinforcing the stock’s positive momentum in the current fiscal year. Looking at the broader picture, the stock has delivered an impressive return of over 92% in the last twelve months, emphasizing its sustained growth and attractiveness to investors.
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