Share price of Adani Ent. jumps as Sensex gains 543.13 points

Share price of Adani Ent. jumps as Sensex gains 543.13 points
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Synopsis

Promoters held 63.99 per cent stake in the company as of 31-Mar-2022, while FII and DII ownership stood at 16.07 per cent and 1.83 per cent, respectively.

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The share price of . gained 3.31 per cent to Rs 2110.3 at 11:01AM (IST) in Friday's trade. The stock has hit a high of Rs 2124.3 and low of Rs 2075.35 so far during the session. The stock had closed at Rs 2042.6 in the previous session.

The counter has had a total traded volume of 30279 shares so far with a value of Rs 6.35 crore on the NSE. It traded at a price-to-earnings multiple of 309.77 and a price-to-book ratio of 9.96.

A higher P/E 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 64.27 per cent during the past one year, while the 30-share index advanced 8.76 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 overseas investors 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.

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