Ahmedabad: Shares of Adani Ports and Special Economic Zone (APSEZ) rose nearly 3 percent to a 52-week high on Monday as the company will exchange 30 shares of IT major Wipro in the BSE Sensex from June 24.
The stock rose 2.93 percent to touch a 52-week high of ₹ 1,457.25 on the BSE.
However, Wipro shares fell 2.36 percent to ₹ 452.55. Wipro shares were the biggest laggard of the BSE Sensex by 30 shares in morning trade.
This would be the first inclusion of an Adani group company in the Sensex. The group includes 10 listed companies.
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The changes will take effect on June 24, 2024, BSE’s SandP Dow Jones Index and Asia Index joint venture said in a statement on Friday, adding that the replacement is part of a periodic review.
Changes were also reported in SandP BSE 100, SandP BSE Bankex, SandP BSE Sensex Next 50, and SandP BSE Sensex 50.
In October, it achieved the milestone of handling 16 MMT of cargo in a single month, becoming the first in India to do so. Additionally, its CT-3 container terminal made history by handling 3 million TEUs per annum, marking the first time in India. In November 2023, the terminal also surpassed the monthly handling capacity of over 3,00,000 TEUs, setting a new record for an Indian terminal.
The release states that Adani Ports’ development of Mundra as a major hub for domestic and international trade reflects its strategic planning and provision of world-class facilities. Spread over 35,000 hectares, it stands as India’s largest commercial port, boasting flow and berthing facilities that facilitate efficient cargo evacuation and substantially decrease ship transit times. This makes it an appealing destination for major global shipping companies.
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