Mundra Port is the largest private port in India. It mainly handles functions as cargo handling and other allied port services. The port is located at Mundra of Gujarat state, India. Mundra is located 60 km west of the Kandla port. This private port is owned by the famous Adani Group. The Adani Group was founded in the year 1988. It is a fast growing Indian business group. It started operations as a trading house. Later it shifted its focus to infrastructure development and commodity trading. Now it has got an identity of indigenous conglomerate emerging out from India.
Mundra Port & Special Economic Zone Limited is listed in the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) of India. Together with Adani Enterprises Ltd. which is another subsidiary of Adani Group it has a market capitalization of more than Rs. 850 billion.
In the year 1998 the port was established as Gujarat Adani Port Limited (GAPL). The operations were started from 2001. But in the year 2003, Mundra Special Economic Zone Limited (MSEZ) was incorporated to form a Special Economic Zone (SEZ) at Mundra. In April 2006 MSEZ and GAPL was merged to add value to the business. Since then the company is known as Mundra Port & Special Economic Zone Limited.
As a fast moving company operating in various arenas like cargo handling including coal it has been successful to drive home good profits year after year for both itself and the shareholders of the company. Moreover it is moderately popular in the trading arena. With increasing business it is expected that investors investing in the stocks of the company will be benefited both in terms of short term as well as long term return. If you have any expert tips or analysis regarding its reports in the trading arena then you can mention them in this platform. Moreover, you may ask for expert tips from this site regarding buying and selling of stocks of Mundra Port & Special Economic Zone Limited, India.
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Buy Mundra Port with a target of Rs 840 and stop loss of Rs 720, says Salil Sharma of Kapoor & Sharma Company on NDTV Profit. The stock is currently trading at Rs 760, up 1.3% on the BSE.