adani ent share price: Adani Ent. shares up 0.62% as Nifty gains

Shares of Adani Enterprises Ltd. rose 0.62 per cent to Rs 1374.5 in Thursday’s trade. It hit an intraday high of Rs 1381.45 and low of Rs 1341.0, respectively, during the day.

The stock quoted a 52-week high price of Rs 1718.45 and low of Rs 152.0.

As of 02:42PM (IST), the counter saw total traded volume of 358,986 shares with a traded value of Rs 48.97 crore, according to NSE.

The stock had closed at Rs 1366.0 in the previous session.

The scrip has declined -11.22 per cent in the past one month till date, while the benchmark BSE Sensex has gained 0.23 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 163.53 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 13688.95 crore for the quarter ended 31-Mar-2021, up 16.13 per cent from the previous quarter’s Rs 11787.82 crore and up 0.07 per cent from the year-ago quarter’s Rs 13698.09 crore. Its net profit for the latest quarter stood at Rs 233.95 crore, up 282.21 per cent from the same quarter a year ago.

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