Buy Adani Enterprises, target Rs 131: Dr CK Narayan

Dr CK Narayan of Chart Advise has a buy call on Adani Enterprises Ltd. with a target price of Rs 131. The current market price of Adani Enterprises Ltd. is Rs 123.95. Time period given by the analyst is Intra Day when Adani Enterprises Ltd. price can reach defined target. Dr CK Narayan recommended to keep stoploss at Rs 120.

Adani Enterprises Ltd., incorporated in 1993, is a midcap company with a market cap of Rs 13632.15 crore. Adani Enterprises Ltd. key Products/Revenue Segments include Traded Goods which contributed Rs 7090.01 Crore to Sales Value (82.48 % of Total Sales), Sale of services which contributed Rs 1429.87 Crore to Sales Value (16.63 % of Total Sales) and Other Operating Revenue which contributed Rs 75.13 Crore to Sales Value (0.87 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 31-03-2018, the company has reported a Consolidated sales of Rs 10234.03 Crore, up 2.97 % from last quarter Sales of Rs 9938.37 Crore and down -16.08 % from last year same quarter Sales of Rs 12195.15 Crore Company has reported net profit after tax of Rs 161.37 Crore in latest quarter.


The company’s top management includes Mr.Ameet H Desai, Mr.Gautam S Adani, Mr.Hemant Nerurkar, Mr.Narendra Mairpady, Mr.Pranav Adani, Mr.Rajesh S Adani, Mr.V Subramanian, Mr.Vasant S Adani, Mr.Venkataraman Subramanian, Mrs.Vijaylaxmi Joshi. Company has Dharmesh Parikh & Co. as its auditoRs As on 31-03-2018, the company has a total of 1,099,810,083 shares outstanding.