Adani Ports rises as August cargo hits record 50 MMT

Adani Ports shares gained over 1% despite a broader market sell-off after August cargo volumes hit a record 50 MMT, up 19% YoY. Dry cargo grew 25%, while container volumes rose 15%. April-August cargo volumes increased 16% to 234.4 MMT, keeping the company on track towards its FY31 target of handling 1 billion tonnes annually.