After Iran’s drone and missile attack on Israel, investors are now eyeing the Indian stock market. It remains to be seen how the Indian stock market will react on Monday, the first trading day of the week. This environment is also likely to affect the Adani Group company – Adani Ports and Special Economic Zone Limited (APSEZ).
Indeed, Adani Ports and Israel’s Gadot Group have jointly acquired Haifa Port in Israel. The acquisition is worth $1.18 billion. Indian partner Adani owns 70 percent and Gadot Group 30 percent.
It is the largest port in terms of passenger cruise ships. Israel’s second largest vessel in terms of shipping containers. Adani Ports and Special Economic Zone Limited of Adani Group. Talking about the shares of this company, it is Rs 1,347.005. The stock price on Friday fell from a day earlier.
On April 12, 2023, the share was at Rs 650. The stock is at a 52-week low. It remains to be seen how the stock fares on Monday.
India expressed concern over the developments between Israel and Iran and appealed for immediate de-escalation. India said its embassies in the region are in touch with the Indian community. The Ministry of External Affairs said – We are extremely concerned about the growing hostility between Israel and Iran. It threatens peace and security in the region.
According to a statement released by the ministry, we urge immediate de-escalation, restraint, refrain from violence and return to the path of diplomacy. The Ministry of External Affairs said that India is closely monitoring the situation.
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