Stocks market news: Adani Enterprises shares advance over 1%

NEW DELHI: Shares of Adani Enterprises Ltd. traded 1.09 per cent up in Friday's trade at 11:51AM (IST). Around 84735 shares changed hands on the counter. The stock opened at Rs 316.75 and touched an intraday high and low of Rs 322.15 and Rs 316.75, respectively, in the session so far.

The stock quoted a 52-week high of Rs 334.5 and a 52-week low of Rs 113.

The company said it has raised Rs 125 crore through allotment of non-convertible debentures (NCDs) on a private placement basis. The company said it has allotted 1,250 NCDs.

Financials
Adani Enterprises Ltd., incorporated in the year 1993, is a Large Cap company (having a market cap of Rs 35243.41 Crore) operating in Diversified sector.

For the quarter ended 30-06-2020, the company has reported a Consolidated sales of Rs 5265.19 Crore, down 60.79 per cent from last quarter Sales of Rs 13428.83 Crore and down 50.15 per cent from last year same quarter Sales of Rs 10561.37 Crore. Company has reported net loss after tax of Rs 148.65 Crore in latest quarter.

Adani Enterprises Ltd. key Products/Revenue Segments include Traded Goods which contributed Rs 14119.64 Crore to Sales Value (87.11 per cent of Total Sales), Sale of services which contributed Rs 2069.85 Crore to Sales Value (12.77 per cent of Total Sales) and Other Operating Revenue which contributed Rs 19.20 Crore to Sales Value (0.11 per cent of Total Sales) for the year ending 31-Mar-2020.

Promoter holding
Promoters held 66.33 per cent stake in the company as of quarter ended 31st Jun 2020.

Valuation ratio
It quoted a price-to-earnings ratio of 62.18 and price to book value of 0.89.