Adani Ports share price ends at ₹1,750, edges up 0.07% on October 22

Key Takeaways

• Adani Ports finished at ₹1,750, gaining 0.07%, with the closing price matching the displayed session high after a ₹35 intraday range. 
• The close stood ₹2.50 above the 50-day DMA of ₹1,747.50 and ₹90.20 above the 200-day DMA of ₹1,659.80. 
• Its six-month and one-year returns remained positive at 9.78% and 18.76%, despite negative one- and three-month figures. 

Adani Ports & Special Economic Zone share price ended October 22 at ₹1,750, up ₹1.20 or 0.07%. The day's move was small in percentage terms, but the closing position within the session was more distinctive. The stock opened at ₹1,733, against a previous close of ₹1,749, slipped to ₹1,715 and later reached ₹1,750. It therefore finished at the displayed intraday high. 

The session covered a ₹35 range from low to high. From the low of ₹1,715, the stock recovered ₹35 by the close. Trading volume was 1,772,390 shares. The closing level was also ₹17 above the opening price, even though the net change against the previous close was only ₹1.20. That difference between the open-to-close movement and the very small day-on-day percentage gain was a notable feature of the session. 

Adani Ports finished close to its shorter-term moving average. The 50-day DMA was ₹1,747.50, only ₹2.50 below the October 22 close. The 100-day DMA stood at ₹1,726.30 and the 200-day DMA at ₹1,659.80. Thus, the closing price remained above all three displayed moving averages, with the largest rupee gap against the 200-day measure. 

The displayed 52-week range extended from ₹1,292 to ₹1,891. At ₹1,750, the stock was ₹141 below its annual high and ₹458 above its annual low. That placed the closing level considerably nearer the upper end of its 52-week band in absolute rupee terms. 

Recent return periods did not all point in the same direction. The one-month return was -2.08%, while three-month performance stood at -5.23%. The six-month return was positive at 9.78%, and the one-year return was 18.76%. The longer-period figures therefore remained positive even after the weaker one- and three-month readings.