Adani Ent. shares up 1.46% as Nifty drops

Share price of SRF  falls  as Nifty  weakens

NEW DELHI: Shares of . traded 1.46 per cent up in Tuesday’s trade at 10:51AM (IST). Around 49,180 shares changed hands on the counter.

The scrip opened at Rs 3360.2 and touched an intraday high and low of Rs 3411.0 and Rs 3360.2, respectively, in the session so far. The stock of Adani Enterprises Ltd. quoted a 52-week high of Rs 3432.0 and a 52-week low of Rs 1344.6.

Total market cap of the Adani Enterprises Ltd. stood at Rs 388449.68 crore at the time of writing this report.

Key Financials

The company reported consolidated 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 corresponding quarter last year.

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 398.59 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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