Adani Ent. shares up 1.14% as Nifty drops


NEW DELHI: Shares of Adani Enterprises Ltd. traded 1.14 per cent up in Friday’s trade at 01:30PM (IST). Around 88,913 shares changed hands on the counter.

The counter opened at Rs 1855.0 and touched an intraday high and low of Rs 1877.4 and Rs 1830.7, respectively, in the session so far. The stock of Adani Enterprises Ltd. quoted a 52-week high of Rs 1883.0 and a 52-week low of Rs 497.9.

As per BSE, the total market cap of the Adani Enterprises Ltd. stood at Rs 206357.37 crore at the time of writing this report.

Key Financials

The company reported consolidated net sales of Rs 13597.1 crore for the quarter ended 30-Sep-2021, up 6.81 per cent from previous quarter’s Rs 12730.63 crore and up 46.01 per cent from the year-ago quarter’s Rs 9312.14 crore.

The net profit for latest quarter stood at Rs 212.41 crore, down 41.38 per cent from the same quarter a year ago.

Shareholding pattern

As of 30-Sep-2021, domestic institutional investors held 1.64 per cent stake in the firm, while foreign institutional investors held 18.05 per cent and the promoters 66.33 per cent.

Valuation ratio

According to BSE data, the stock traded at a price-to-earnings multiple of 203.38 and a price-to-book ratio of 6.61. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Adani Enterprises Ltd. belongs to the Diversified industry.

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