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Buy Adani Enterprises, target Rs 131: Manas Jaiswal

ETMarkets.com|
Oct 23, 2017, 08.42 AM IST
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Manas Jaiswal of manasjaiswal.com has a buy call on Adani Enterprises with a target price of Rs 131.

The current market price of Adani Enterprises is Rs 125.35.

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 122.

Adani Enterprises, incorporated in the year 1993, is a Large Cap company (having a market cap of Rs 13,786.12 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 1429.87 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.

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 30-09-2017, 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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