Adani Ports Share Price Drops 8% Amid Israel-Iran Conflict

Adani Ports and Special Economic Zone Ltd. (APSEZ) faced a sharp decline in share price on Thursday, making it the top loser on the Sensex. The fall comes amid growing tensions between Israel and Iran, with Haifa Port—partially owned by the Adani Group—caught in the middle. At 2:54 PM, Adani Ports share price was down 2.50% and was trading at ₹1,338.30. 

Last weekend, Haifa Port made headlines after Iran reportedly targeted the port with ballistic missiles in response to Israel’s attack on Iranian nuclear and other military sites. Haifa Port is located on Israel's northern coast and serves as a major maritime hub. 

Adani Ports Confirms Port Is Fully Operational 

On June 15, the Adani Group issued a statement saying that Haifa Port continues to operate normally despite the missile attack. The port, which employs around 700 people, is still handling all types of cargo, including containers, bulk materials, cement, and general goods. The company assured that all safety and operational procedures are being followed. 

Adani Ports Share Price Declines Further 

Despite this reassurance, market sentiment remained negative. On Thursday, Adani Ports share price fell 3% to ₹1331.90 from the previous close of ₹1372.35 on the Bombay Stock Exchange (BSE). The market capitalisation of the company dropped to ₹2.88 lakh crore. 

This marks the sixth straight session of decline for Adani Ports. The stock has slipped nearly 8% in just five trading sessions—from ₹1,444 last Thursday to ₹1,331.90 today. 

Adani Ports’ Stake in Haifa Port 

Adani Ports holds a 70% stake in Haifa Port. Given the current Middle East conflict, investors are worried about the potential risks to the company’s international operations. Haifa Port is considered strategically important, and any threat to its safety could impact future performance. 

Read more:  Indosolar Share Price Jumps 1600% After A Dramatic Return to Stock Market. 

Conclusion 

While Adani Ports has confirmed that Haifa Port remains fully functional, rising tensions between Israel and Iran have shaken investor confidence. The situation continues to evolve, and investors are likely to keep a close watch on any further developments in the region. 

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