Share price of Adani Ent. jumps as Sensex drops 13.98 points


Share price of Adani Enterprises Ltd. gained 0.38 per cent to Rs 1836.9 at 01:14PM (IST) in Thursday’s trade. The stock hit a high of Rs 1857.3 and low of Rs 1808.95 so far during the session. The stock had closed at Rs 1829.9 in the previous session.

The counter had a total traded volume of 01:14PM shares so far with a turnover of Rs 13.66 crore on BSE. The stock traded at a price-to-earnings multiple of 199.38 and a price-to-book ratio of 6.61.

A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The 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.

Promotor/FII Holding

Promoters held 74.92 per cent stake in the company as of 30-Sep-2021, while FIIs and domestic institutional investors ownership stood at 18.05 per cent and 3.87 per cent, respectively.

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 the previous quarter’s Rs 12730.63 crore and up 46.01 per cent from the year-ago quarter’s Rs 9312.14 crore.

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

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