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    Adani Ent. shares down 0.24% as Nifty gains

    Synopsis

    A total of 167,939 shares changed hands on the counter till 01:38PM (IST).

    Getty Images
    Nifty moved in a tight range of 82 points, and ended slightly below the psychologically crucial level of 15,700.
    NEW DELHI: Shares of Adani Enterprises Ltd. traded 0.24 per cent down in Thursday's trade at 01:38PM (IST). Around 167,939 shares changed hands on the counter.

    The scrip opened at Rs 1429.55 and touched an intraday high and low of Rs 1435.0 and Rs 1408.3, respectively, in the session so far. The stock of Adani Enterprises Ltd. quoted a 52-week high of Rs 1718.45 and a 52-week low of Rs 177.45.

    Total market cap of the Adani Enterprises Ltd. stood at Rs 156992.39 crore at the time of writing this report.

    Key Financials
    The company reported consolidated sales of Rs 12730.63 crore for the quarter ended 30-Jun-2021, down 7.0 per cent from previous quarter's Rs 13688.95 crore and down 131.38 per cent from the year-ago quarter's Rs 5502.02 crore.

    The net profit for latest quarter stood at Rs 271.46 crore, up 811.25 per cent from the corresponding quarter last year.

    Shareholding pattern
    As of 30-Jun-2021, DIIs held 0.82 per cent stake in the company, while foreign institutional investors held 19.65 per cent and the promoters 74.92 per cent.


    Valuation ratio
    According to BSE data, the stock traded at a P/E multiple of 134.8 and a price-to-book ratio of 6.61. 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.
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