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Sell Adani Enterprises, target Rs 105: Manas Jaiswal

ETMarkets.com|
Oct 04, 2017, 08.43 AM IST
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Manas Jaiswal of manasjaiswal.com has a sell call on Adani Enterprises with a target price of Rs 105.

The current market price of Adani Enterprises is Rs 111.80.

Time period given by the analyst is intraday when Adani Enterprises price can reach defined target.

Manas Jaiswal recommended to keep a stop loss at Rs 116.

Adani Enterprises, incorporated in the year 1993, is a Large Cap company (having a market cap of Rs 12,295.88 Crore) operating in Service sector.

Adani Enterprises key Products/Revenue Segments include Traded Goods which contributed Rs 7,090.01 Crore to Sales Value (82.48 per cent of Total Sales), Sale of services which contributed Rs 1,429.87 Crore to Sales Value (16.63 per cent of Total Sales) and Other Operating Revenue which contributed Rs 75.13 Crore to Sales Value (0.87 per cent of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-06-2017, the company has reported a Consolidated sales of Rs 8,778.51 Crore, down 28.02 per cent from last quarter Sales of Rs 12,195.15 Crore and down 1.20 per cent from last year same quarter Sales of Rs 8,884.74 Crore.

Company has reported net profit after tax of Rs 75.85 Crore in latest quarter.

The company's top management includes Mr.Ameet H Desai, Mr.Berjis Desai, Mr.Gautam S Adani, Mr.Hemant Nerurkar, Mr.Pranav Adani, Mr.Rajesh S Adani, Mr.V Subramanian, Mr.Vasant S Adani, Mr.Venkataraman Subramanian, Mrs.Vijaylaxmi Joshi.

Company has Dharmesh Parikh & Co. as its auditors.

As on 30-06-2017, the company has a total of 1,099,810,083 shares outstanding.

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Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com & ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.

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