Adani Ent. shares down 2.14% as Nifty drops

NEW DELHI: Shares of Adani Enterprises Ltd. traded 2.14 per cent down in Thursday's trade at 12:37PM (IST). Around 30,916 shares changed hands on the counter.

The stock opened at Rs 2200.0 and touched an intraday high and low of Rs 2220.0 and Rs 2132.05, respectively, in the session so far. Shares of the company of Adani Enterprises Ltd. quoted a 52-week high of Rs 2420.0 and a 52-week low of Rs 1304.4.

Total market cap of the Adani Enterprises Ltd. stood at Rs 257789.37 crore at the time of writing this report.


Key Financials
The company reported consolidated sales of Rs 25141.56 crore for the quarter ended 31-Mar-2022, up 32.58 per cent from previous quarter's Rs 18963.4 crore and up 83.66 per cent from the year-ago quarter's Rs 13688.95 crore.

The net profit for latest quarter stood at Rs 304.32 crore, up 30.08 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Mar-2022, domestic institutional investors held 2.0 per cent stake in the company, while foreign institutional investors held 16.62 per cent and the promoters 74.92 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 323.13 and a price-to-book ratio of 9.96. 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.