After the Hindenburg report, the first few months of 2023 may not have been good for Adani Port, but after that the company has made a good recovery. Adani Port was the first company of the group whose shares emerged most out of the Hindenburg effect and also gave good returns to the investors.
Gautam Adani's son Karan Adani is going to get the support of a veteran. The name of that veteran is Ashwini Gupta. Who has been appointed as the CEO of Adani Ports and Special Economic Zone. Before this he was the former Global COO of Nissan Motors. This appointment is part of the internal restructuring of Adani Port. Under this, Karan Adani has been given the role of MD. Also, Gautam Adani has been re-nominated as 'Executive Chairman' of the company.
Gupta, a veteran of the automotive market, was appointed COO of Nissan in December 2019 and has a strong track record in fostering key partnerships around the world. He has nearly three decades of experience in the automotive, retail and manufacturing sectors. He has also played an important role in the Renault Nissan Alliance. Gupta is a globally recognized leader who has provided customer solutions through electrification, autonomous driving and digital transformation technologies.
What did Karan Adani say
Karan Adani, who recently became MD of APSEZ, said that his appointment is a strategic step to strengthen our global leadership position in the port sector. We are confident that his expertise, leadership skills and global exposure will be instrumental in the company's growth. Adani Port is working on Sri Lanka Port. Adani has received funding for this port from a US government agency. In such a situation, it is considered very important to make Karan Adani the MD and appoint Ashwini Gupta as the CEO of the company.
Adani Port's share at record level
After the Hindenburg report, the first few months of 2023 may not have been good for Adani Port, but after that the company has made a good recovery. Adani Port was the first company of the group whose shares emerged most out of the Hindenburg effect and also gave good returns to the investors. At present the company's shares are at record levels. On Friday, the company's shares closed at Rs 1154.10 with a rise of 2.74 percent. Whereas during the trading session the company's shares also reached a record high of Rs 1,159.90. However, Adani Port has given returns of more than 60 percent in the last 6 months.
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