Share price of Adani Ent. falls as Sensex drops 288.95 points

The share price of Adani Enterprises Ltd. dropped 0.38 per cent to Rs 2196.6 at 11:06AM (IST) in Wednesday's trade. The stock has hit a high of Rs 2206.4 and low of Rs 2177.05 so far during the session. The stock had closed at Rs 2205.0 in the previous session.

The counter has had a total traded volume of 19007 shares so far with a value of Rs 4.17 crore on the NSE. It traded at a price-to-earnings multiple of 322.17 and a price-to-book ratio of 9.96.

A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.


The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.

The scrip gained 44.26 per cent during the past one year, while the 30-share index advanced 0.22 per cent during the same period.

Adani Enterprises Ltd. belongs to the Diversified industry.

Promotor/FII Holding
Promoters held 63.99 per cent stake in the company as of 31-Mar-2022, while FIIs and domestic institutional investors ownership stood at 16.07 per cent and 1.83 per cent, respectively.

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

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