Adani Ports rose over 7% to hit an intraday high at Rs.401.85, not too far from its 52-week high of Rs.405. It has come off the high point of the day and is now trading at Rs.398 levels.
The stock is up on news that it has ranked number 14th on the Dow Jones Sustainability Emerging Markets Index (DJSEMI) in the global transportation and transportation infrastructure sector. It is the only company from India to have been included in this sector.
This initiates the presence of APSEZ on the DJSI Emerging Markets Index, one of the most sought-after Sustainability indices in the world that represents the very top 10% of the largest 800 companies within the world’s 20 emerging markets and is based on long-term Environment, Social and Economic, and Governance criteria
As part of a stringent DJSI rating process all responses by APSEZ were substantiated with internal documentation and real-life examples and audited by an independent third party to verify the accuracy of the information provided. APSEZ was ranked in the top 20 of every single dimension of the three criteria. In all, just 11 Indian companies made it to the DJSI Emerging Markets Index this year.