Adani Ports Defy Negative Sentiment, Emerges Top Nifty 50 Performer; Shares Up 1.32% at Midday

Mumbai, May 8: Shares of Adani Ports and Special Economic Zone were trading higher on Friday, gaining 1.32 per cent to ₹1,755.70 even as the broader market remained under pressure from renewed US-Iran hostilities overnight, with the stock defying the negative sentiment to emerge as one of the top performers on the Nifty 50 during the session.

The stock opened at ₹1,740.40, briefly touched an intraday low of ₹1,727.70 in the very first minutes of trade before buyers stepped in decisively, driving the stock steadily higher through the morning. From the low, Adani Ports mounted a strong and sustained recovery, climbing through the ₹1,760, ₹1,780, and then ₹1,790 levels to touch an intraday high of ₹1,792.00 around 10:30 am a swing of over ₹64 from the session low within roughly 90 minutes.

The stock subsequently eased from its peak, consolidating in the ₹1,750–₹1,760 range through the noon hour as some profit-booking set in, but continued to hold comfortably above its previous close of ₹1,732.80, reflecting underlying buying conviction.

Weekly Trend

The weekly price chart for Adani Ports reflects a stock navigating a volatile but broadly range-bound week. The stock opened around ₹1,747 on May 4 before sliding to a weekly low of approximately ₹1,726 on May 5 as broader market sentiment turned cautious. A recovery followed on May 6, with the stock climbing back to approximately ₹1,742, before slipping again to close around ₹1,735 on Thursday — which aligns with the previous close of ₹1,732.80 used as Friday’s baseline. Friday’s intraday high of ₹1,792.00 represents the strongest level the stock has traded at all week, suggesting that results-driven optimism is helping the counter break out of the week’s consolidation range.

Strong Q4 Results Declared on May 4

Adani Ports reported a net profit of ₹3,328.96 crore for Q4 FY26, a rise of 10.44 per cent year-on-year, while revenue from operations surged approximately 26 per cent to ₹10,737.58 crore, driven by strong cargo throughput across its port network.

The company became the first Indian port operator to handle over 500 million metric tonnes of cargo in a single financial year, a landmark operational milestone, while full-year FY26 revenue grew 25 per cent to ₹38,736 crore and EBITDA rose 20 per cent year-on-year.

In April 2026, cargo volumes increased 15 per cent year-on-year to 43.1 MMT led by containers and dry cargo, and the company completed the acquisition of NQXT in Australia while also partnering to boost trade with Marseille Fos, underscoring its expanding global port footprint. The board recommended a dividend of ₹7.50 per share, adding to the positive investor sentiment that has kept the stock in demand even on a challenging Friday for the broader market.

Source:

• https://www.nseindia.com/get-quote/equity/ADANIPORTS/Adani-Ports-and-Special-Economic-Zone-Limited