|Bid||740.05 x 0|
|Ask||740.75 x 0|
|Day's Range||735.70 - 753.65|
|52 Week Range||203.40 - 753.65|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||43.23|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
S&P Dow Jones Indices said it is removing India's Adani Ports and Special Economic Zone Ltd from its sustainability index due to the firm's business ties with Myanmar's military which is accused of human rights abuses after a coup this year. The company, which is building a $290 million port in Yangon on land leased from the military-backed Myanmar Economic Corporation (MEC), did not immediately respond to a Reuters emailed request for comment. Adani Group said late last month it would consult authorities and stakeholders on the project after human rights groups reported that its ports unit had an agreement to pay millions of dollars in rent to MEC.
Environmental campaign group Market Forces has asked S&P Global to review the inclusion of India's Adani Ports and Special Economic Zone Ltd in a Dow Jones Sustainability Index, citing its ties to the Myanmar military and role in developing a new thermal coal mine. Market Forces, which made the request on Wednesday, said in a statement that aside from Myanmar links, Adani Ports should be scrutinised for its role in opening up the thermal coal mine in Australia, and also past ecological damage at ports in India.
Indian shares ended with gains on Wednesday as a tightening U.S. presidential election boosted the dollar and helped buoy domestic IT shares, with Reliance Industries and pharma stocks also providing support. Shortly after Democratic rival Joe Biden said he was confident of winning the contest once the votes are counted, President Donald Trump declared victory and said his lawyers would be taking his case to the U.S. Supreme Court, without specifying what they would claim. The close race whipsawed global stock markets, while bonds and the dollar gained.