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LTP
9.60 (0.65%)
Volume
15,85,420
Market Cap
₹3,18,804 Cr
52W Low
₹754.50
52W High
₹1,621.40
LTP
-1.41 (-0.62%)
Volume
20,61,657
Market Cap
₹10,967 Cr
52W Low
₹116.25
52W High
₹250.69
LTP
-1.15 (-0.35%)
Volume
13,22,911
Market Cap
₹68,429 Cr
52W Low
₹142.20
52W High
₹360.95
With Zero Brokerage on Equity Delivery
According to the Ministry of Ports, Shipping and Waterways (previously known as the Ministry of Shipping), maritime transport handles about 95% of India’s trading by volume and 70% by value. India has 12 major and more than 200 notified minor and intermediate ports. Moreover, six new mega ports are planned in the country under the National Perspective Plan for Sagarmala. The Indian ports and shipping industry plays a crucial role in maintaining growth in the country’s trade and commerce. India is the 16th largest maritime country worldwide, with a coastline of 7,516.6 km.
The Government of India plays an essential role in helping the port sector. For port and harbour construction and maintenance projects, it has permitted Foreign Direct Investment (FDI) of up to 100% under the automatic route. The government also facilitated a 10-year tax holiday to companies that are involved in the development, maintenance, and operation of ports, inland ports and inland waterways.
In 2023, the cargo handling capacity at the 12 main ports in India increased to 1,617 million metric Tons (MMT) from 871 MMT in 2015. In the Union Budget 2023-24, the total allocation for the Ministry of Shipping was US$ 1,813.16 million. The country plans to invest about US$ 82 billion in port projects by 2035.
Investing in marine port stocks via Angel One is easy. Simply follow these steps:
If you don’t have a Demat account with Angel One, you can open one for free online within minutes.
Marine Port Services sector stocks are stocks of companies that are involved in port operations, maritime logistics, and related services.
Based on the market cap, Adani Ports and Special Economic Zone Limited, JSW Infrastructure Ltd, and Gujarat Pipavav Port Ltd are the top marine port services stocks in India. The data is as of January 31, 2024.
While analysing the marine port stocks, you must check a company’s port infrastructure, customer base, financial stability and geographical advantage.
Marine ports connect countries and facilitate the movement of goods between regions. They provide benefits related to the growth of international trade and global economic activity. This can create opportunities for companies and investors. However, consider your investment objectives and risk appetite before investing.
Adani Ports and Special Economic Zone Limited is the best marine port services stock in India. As of January 31, 2024, the company’s 5-year CAGR is 28.56%.
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