Adani Ent. shares up 0.07% as Nifty drops

NEW DELHI: Shares of Adani Enterprises Ltd. traded 0.07 per cent up in Tuesday's trade at 10:40AM (IST). Around 38,848 shares changed hands on the counter.

The stock opened at Rs 2228.0 and touched an intraday high and low of Rs 2254.4 and Rs 2208.0, respectively, in the session so far. The stock of Adani Enterprises Ltd. quoted a 52-week high of Rs 2420.0 and a 52-week low of Rs 1201.1.

As per BSE, the total market cap of the Adani Enterprises Ltd. stood at Rs 252875.05 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 corresponding quarter last year.

Shareholding pattern
As of 31-Mar-2022, DIIs held 1.83 per cent stake in the company, while foreign institutional investors held 16.07 per cent and the promoters 63.99 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 325.63 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.