Adani Ports slips after early surge; April cargo volumes rise 15% YoY

Shares of were trading lower on the National Stock Exchange on Tuesday. The company reported strong cargo volume growth for April 2026.

At 12.11 pm, the stock was trading at ₹1,731.00, down ₹11.60 or 0.67 per cent from its previous close of ₹1,742.60. The stock opened higher at ₹1,749.80 and touched a fresh 52-week high of ₹1,757.40 in early trade before paring gains. The day’s low stood at ₹1,719.00. Sell-side pressure was visible, with 60.82 per cent of orders on the sell side against 39.18 per cent on the buy side. Traded volume stood at 28.07 lakh shares, with a traded value of ₹488.03 crore.

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The stock’s intraday reversal came even as APSEZ’s operational update painted a healthy picture. In its May 4 announcement, the company said it handled 4.31 crore metric tonnes of total cargo in April 2026, a 15 per cent year-on-year increase. Containers and dry cargo each grew 17 per cent year-on-year. Logistics rail volumes, however, declined 16 per cent year-on-year to 48,490 TEUs.

Despite today’s dip, the broader trend for the stock remains firmly positive. APSEZ has returned 25.34 per cent over the past month and 28.18 per cent over the past year, significantly outperforming the Nifty 50, which has declined 2.30 per cent in the same one-year period. Year-to-date, the stock is up 16.58 per cent against the index’s 8.60 per cent loss. Total market capitalisation stands at approximately ₹3,98,792 crore. The stock trades at a price-to-earnings ratio of 32.06.

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