Adani Ent. shares up 0.47% as Nifty drops

Adani Ent. shares up 0.47% as Nifty drops
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Synopsis

A total of 28,735 shares changed hands on the counter till 10:51AM (IST).

Analysts see 15,900 to continue to pose as the immediate resistance.
NEW DELHI: Shares of . traded 0.47 per cent up in Thursday's trade at 10:51AM (IST). Around 28,735 shares changed hands on the counter.

The counter opened at Rs 3215.0 and touched an intraday high and low of Rs 3230.0 and Rs 3186.0, respectively, in the session so far. The stock of Adani Enterprises Ltd. quoted a 52-week high of Rs 3262.55 and a 52-week low of Rs 1344.6.

Total market cap of the Adani Enterprises Ltd. stood at Rs 364070.76 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 41066.43 crore for the quarter ended 30-Jun-2022, up 63.34 per cent from previous quarter's Rs 25141.56 crore and up 222.58 per cent from the year-ago quarter's Rs 12730.63 crore.

The net profit for latest quarter stood at Rs 469.46 crore, up 72.94 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Mar-2022, domestic institutional investors held 2.0 per cent stake in the firm, while foreign institutional investors held 16.62 per cent and the promoters 74.92 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 373.57 and a price-to-book ratio of 10.26. 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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