Adani Ports handles 420 MMT cargo globally in FY24, crosses full 12 months steerage

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what is DMA (Direct Market Access)in the Indian share market?

What is DMA?

DMA, or Direct Market Access, is a service offered by stockbrokers that allows traders to place orders directly on the stock exchange’s order book. It eliminates the need for intermediaries, such as market makers or brokers, and provides traders with direct access to the market. This means that orders are executed faster and at potentially better prices.

How Does DMA Work in the Indian Share Market?

In the Indian share market, DMA is facilitated through the use of technology and trading platforms provided by stockbrokers. Traders can access the market through these platforms, which connect them directly to the stock exchange.

Benefits of DMA in the Indian Share Market

1. Speed and Efficiency: DMA enables faster order execution as orders are placed directly on the exchange’s order book. This can be particularly advantageous in volatile market conditions where every second counts.

Conclusion

DMA, or Direct Market Access, is a powerful tool that allows traders to directly access the stock exchange’s order book. In the Indian share market, DMA offers numerous benefits, including speed, transparency, control, lower costs, and access to real-time market data. By utilizing DMA, traders can enhance their trading experience and potentially improve their trading outcomes.

Adani Ports & Particular Financial Zone (APSEZ) Ltd. reported its highest-ever month-to-month cargo quantity of 38 million metric tonnes (MMT) in March, it mentioned in an alternate submitting. With this, the corporate has dealt with 420 MMT cargo globally within the monetary 12 months 2024, nicely above the 370-390 MMT it had guided for in January this 12 months. Adani Ports revised its monetary 12 months 2024 steerage in January to 370-390 MMT from 350=370 MMT earlier.Of the entire cargo quantity, the corporate’s home ports contributed over 408 MMT of cargo.On a year-on-year foundation, Adani Ports’ complete cargo quantity grew by 24% for the monetary 12 months 2024.Eight of the corporate’s ports, or 84% of the entire portfolio by quantity, reported double-digit progress.Greater than 1 / 4 of India’s cargo volumes within the monetary 12 months 2024 had been routed via ports managed by the Adani Group firm.”While it took 14 years for the company to achieve the first 100 MMT of annual cargo throughput, the second and third 100 MMT throughputs were achieved in five years and three years,” mentioned Adani Ports’ Managing Director Karan Adani. The most recent 100 MMT got here in lower than two years.Final week, Adani Ports introduced the acquisition of a 95% stake in Gopalpur Ports, nearly all of which was acquired from the Shapoorji Pallonji Group. This was accomplished at an enterprise worth in extra of ₹3,000 crore.The acquisition of Gopalpur Ports made it the 14th port underneath the Adani Group’s management in India. It additionally operates the Haifa Port in Israel. The corporate at the moment has a presence in seven maritime states together with Gujarat, Maharashtra, Tamil Nadu, Goa and Kerala.Shares of Adani Ports are on the day’s excessive, at the moment buying and selling 2% greater at ₹1,366. The inventory is up 118% during the last 12 months.First Printed: Apr 1, 2024 10:00 AM IST

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