Adani Ent. shares up 1.16% as Nifty gains

NEW DELHI: Shares of Adani Enterprises Ltd. traded 1.16 per cent up in Monday's trade at 12:08PM (IST). Around 344,037 shares changed hands on the counter.

The stock opened at Rs 2426.0 and touched an intraday high and low of Rs 2440.5 and Rs 2407.0, respectively, in the session so far. Shares of the company of Adani Enterprises Ltd. quoted a 52-week high of Rs 2440.5 and a 52-week low of Rs 1333.3.

Total market cap of the Adani Enterprises Ltd. stood at Rs 277561.77 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 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 357.42 and a price-to-book ratio of 10.26. 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.