Adani ports stock price: Shares of Adani Port and Special Economic Zone declined for the sixth consecutive day on 18 June. In these 6 days, the share price has come down by about 7 percent. On June 18, the stock on BSE fell more than 1 percent to close at Rs 1372.35. The stock has a selling pressure because investors are concerned about the possible threat at the major port of Adani Ports in Israel amid the Israeli-Iran struggle.
Adani ports Neither has a mazority stake in Haifa Port, Israel. The company bought this port in 2023 for a total of $ 1.18 billion. This port is one of the major ports of Israel. Although there is no harm on the port so far, the increasing enmity of Israel-Iran has increased the concern of investors that the operation may be interrupted in the event of Iran being attacked by Iran. One reason for this concern is that Iran targeted the Haifa port and an oil refinery nearby on the weekend.
However, the Chief Financial Officer of Adani Group clarified that the conflict had no effect on the port. Two sources who are aware of the case say that the pellet fell into the chemical terminal at the port and some other projects fell on the oil refinery. There are no casualties. There was no obstruction in cargo operations at Haifa Port.
Israel and Iran’s battle continues for 6 days
The war between Israel and Iran was the sixth day on Wednesday. The two countries are constantly firing missiles on each other. Tension in the two countries increased when Israel started ‘Operation Rising Lion’ to attack Iran’s nuclear, missile and military complex on Friday, June 13. Several Iran’s major military commanders and nuclear scientists were killed in this attack. After this, Iran also started retaliation on Israel from Saturday night. Since then, Iran has stained more than 400 missiles on Israel and has launched hundreds of drones. According to a statement by the office of Israeli Prime Minister Benjamin Netanyahu, 24 people have been killed in increasing attacks so far, more than 800 have been injured and more than 3,800 inhabitants have been forced to exit sensitive areas.
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Shares of Adani Ports climbed 18 percent in 3 months
The market cap of Adani Ports is about Rs 3 lakh crore. The stock has increased by 18 percent in the last 3 months. The company had 65.89 percent stake in the company till the end of March 2025. The 52 -week high of the stock on BSE is Rs 1,604.15, which was created on 1 August 2024. The 52 -week low of Rs 993.85 was seen on 21 November 2024.
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