Adani Ent Share Price: Adani Ent. shares up 0.81% as Nifty gains

Shares of Adani Enterprises Ltd. rose 0.81 per cent to Rs 1582.5 in Wednesday’s trade. It hit an intraday high of Rs 1592.5 and low of Rs 1539.65, respectively, during the day.

The stock quoted a 52-week high price of Rs 1718.45 and low of Rs 303.2.

As of 10:30AM (IST), the counter saw total traded volume of 341,608 shares with a traded value of Rs 53.61 crore, according to NSE.

The stock had closed at Rs 1569.75 in the previous session.

The scrip has advanced 11.25 per cent in the past one month till date, while the benchmark BSE Sensex has gained 5.99 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 148.87 while price-to-book ratio stood at 6.61. A higher P/E ratio shows that 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 it reflects the price investors are ready to pay even for no growth in a business.

The stock belongs to the Diversified industry.

Promoter/FII Holding
Promoters held 66.33 per cent stake in the company as of 30-Jun-2021, while FII and MF ownership in the firm stood at 19.65 per cent and 0.82 per cent, respectively.

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 the previous quarter’s Rs 13688.95 crore and down 131.38 per cent from the year-ago quarter’s Rs 5502.02 crore. Its net profit for the latest quarter stood at Rs 271.46 crore, up 811.25 per cent from the same quarter a year ago.

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