Adani Ports share price ends at ₹1,710; stock rises 0.93% on September 8

Key Takeaways 

• Adani Ports added ₹15.70 during the September 8 session and finished at ₹1,710, only ₹3 below the day’s high of ₹1,713. 
• The latest price was close to the 50-day DMA of ₹1,715.70, while remaining ₹84.90 above the 200-day DMA. 
• The one-year return stood at 29.37%, compared with 15.74% over six months and -6.26% over three months. 

Adani Ports closed September 8 at ₹1,710, gaining ₹15.70 from the previous close of ₹1,694. That translated into a 0.93% rise for the session. The stock opened at ₹1,694, effectively starting where the previous trading day had ended. From there, the price moved higher and retained most of that increase through the close. 

The day’s range was relatively contained. Adani Ports touched ₹1,685 at the low and ₹1,713 at the high, a difference of ₹28. The closing price was only ₹3 below the top of that range. From the session low to the close, the recovery amounted to ₹25. The opening price sat ₹9 above the low, so most of the day’s net rise developed after the stock had already dipped below its starting level. 

Its moving averages were positioned on both sides of the closing price. The 50-day DMA stood at ₹1,715.70, which was ₹5.70 higher than the close. The 100-day DMA was ₹1,697.70, leaving the latest price ₹12.30 above it. The 200-day DMA came in at ₹1,625.10. On that measure, the stock finished ₹84.90 higher than the longer average. 

Trading volume reached 1,531,476 shares. Market capitalisation was ₹3,69,384 crore. Across the past 52 weeks, the stock had traded from ₹1,292 to ₹1,891. That is a ₹599 spread. The September 8 close was ₹181 below the annual high and ₹418 above the low, so the stock sat much closer to the top of its 52-week range. 

The return profile was uneven. One-month return stood at 0.97%, while the three-month figure was -6.26%. Six months moved back into positive territory at 15.74%. The one-year return was higher still at 29.37%, 13.63 percentage points above the six-month number.