Buy Adani Enterprises, target Rs 215: CK Narayan

CK Narayan of Chart Advise has a buy call on Adani Enterprises Ltd. with a target price of Rs 215. The current market price of Adani Enterprises Ltd. is Rs 205.8. CK Narayan recommended to keep stoploss at Rs 200. Adani Enterprises Ltd., incorporated in 1993, has a market cap of Rs 22634.09 crore.
Adani Enterprises Ltd. key Products/Revenue Segments include Traded Goods which contributed Rs 13384.34 Crore to Sales Value (86.12 % of Total Sales), Sale of services which contributed Rs 1950.28 Crore to Sales Value (12.54 % of Total Sales) and Other Operating Revenue which contributed Rs 206.68 Crore to Sales Value (1.32 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 8464.19 Crore, down -19.86 % from last quarter Sales of Rs 10561.37 Crore and down -7.54 % from last year same quarter Sales of Rs 9154.59 Crore Company has reported net profit after tax of Rs -42.16 Crore in latest quarter. The company’s top management includes Mr.Gautam S Adani, Mr.Hemant Nerurkar, Mr.Narendra Mairpady, Mr.Pranav Adani, Mr.Rajesh S Adani, Mr.V Subramanian, Mr.Vinay Prakash, Mrs.Vijaylaxmi Joshi. Company has Shah Dhandharia & Co. as its auditors .As on 30-09-2019, the company has a total of 1,099,810,083 shares outstanding.