Adani Ports and Special Economic Zone Ltd (APSEZ) is making headlines once again, this time for both the right and wrong reasons. The company just reported the highest monthly cargo volume in its history, but surprisingly, its share price has taken a hit.
On April 4, 2025, Adani Ports’ stock closed at ₹1,148.35, falling over 4% from the previous day’s close of ₹1,199.90. This came as a surprise to many investors, especially considering the company’s strong performance in March.
In fact, Adani Ports handled 41.5 million metric tons of cargo last month, its highest ever, marking a solid 9% increase compared to March 2024. The growth reflects the company’s stronghold in the Indian logistics space, with ports strategically located across the country playing a major role in global trade.
Yet, the stock market didn’t reward this performance.
Over the past month, the company’s shares had been climbing, gaining more than 11%. But the year-to-date performance tells a different story, showing a decline of about 2.3%. Even more concerning for long-term holders, the stock is down more than 15% compared to this time last year.
So, what’s going on?
Some analysts point to technical indicators flashing warning signs. A bearish “MACD crossover” (a momentum indicator that often signals a downturn) was spotted at the end of the week, which in the past has led to a nearly 8% average drop in the weeks that follow.
For retail investors, this sends a mixed message: operationally, the company is thriving—but the stock may not reflect that right away.
Experts suggest investors tread carefully. The fundamentals are strong, but if the technical signals hold true, there could be more short-term downside. As always, it’s a good idea to combine both technical analysis and business fundamentals before making any investment decision.
Bottom Line
Adani Ports is breaking records with its cargo handling, showing clear signs of business growth. But for now, its stock is riding a wave of market caution. Investors would do well to keep a close eye on both the charts and the cargo stats in the coming weeks.
