/ APSEZ To Issue Foreign Currency Denominated Bonds ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Tuesday, 10 January 2017


In a recent development, Adani Ports and Special Economic Zone (APSEZ) has informed BSE that pursuant to the powers delegated to the finance committee by the board of directors of Adani Ports and Special Economic Zone, the finance committee has reviewed and approved the preliminary offering circular in relation to the proposed issuance of foreign currency denominated bonds by the company.

The issuance of foreign currency denominated bonds offering may follow, subject to market conditions. The company is rated BAA3 (Negative) by Moody's, BBB- (Stable) by S&P and BBB- (Negative) by Fitch, and expects the same ratings for its foreign currency denominated bonds. In the last one year, the stock of the company has given a return of 17.94%. The stock is trading with a P/E of 16.92. The stock has outperformed the Sensex in the last one year.
Adani Ports & Special Economic Zone Ltd is currently trading at Rs 287.25, up by Rs 2.45 or 0.86% from its previous closing of Rs 284.8 on the BSE. The scrip opened at Rs 287.8 and has touched a high and low of Rs 287.8 and Rs 285.1 respectively. So far 148070(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 58980.71 crore.

The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 317 on 25-Oct-2016 and a 52 week low of Rs 169.65 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs 291.7 and Rs 272.2 respectively. The promoters holding in the company stood at 58.94 % while Institutions and Non-Institutions held 35.59 % and 5.47 % respectively. The stock is currently trading above its 50 DMA.

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