Shares of Adani Ports rose to near highs

Shares of Adani Ports, among India's largest privately-run ports, inched near fresh highs on news that the stock will be included in the Nifty Index from September 28.

Adani Ports rose 12.5 rupees, or 3.9 percent, to 334.65 rupees on the National Stock Exchange where 13.5 lakh shares changed hands compared with the 5-day average of 25.6 lakh shares.

Adani Ports' market capitalisation has jumped 22 percent in the past one year to 66,600 crore rupees. The company's revenue has appreciated 33 percent compounded in the past five years to 6,631 crore rupees and net profit has gained 28 percent compounded to 2,378 crore rupees in the same time period.

Adani Ports trades at a dividend yield of 0.34 percent.

Image credit: Indiatimes