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MarketScreener Homepage  >  Equities  >  MUMBAI STOCK EXCHANGE  >  Adani Enterprises Limited    512599   INE423A01024

ADANI ENTERPRISES LIMITED

(512599)
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Nifty, Sensex end flat as Reliance losses counter vaccine hopes

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08/25/2020 | 07:38am EDT
A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai

Indian shares ended little changed on Tuesday after hitting a six-month intraday high, as losses in index heavyweight Reliance Industries countered optimism around U.S.-China trade talks and a potential coronavirus vaccine.

The NSE Nifty 50 index rose as much as 0.52% to its best intraday level since late February in early trade, but ended just 0.05% higher at 11,472.25 for a third straight day of gains.

The S&P BSE Sensex closed up 0.12% at 38,843.88, after having crossed the 39,000-level in early trading for the first time since March 2.

Conglomerate Reliance Industries Ltd, India's largest firm by market value, fell 0.7% after a modest rise on Monday. The stock has more than doubled in value since late March on a slew of foreign investments into Reliance's digital arm.

The top four boosts on the Nifty 50 were all financial stocks. Bajaj Finance jumped 4.8%, while ICICI Bank Ltd, State Bank of India and Kotak Mahindra Bank gained between 1.1% and 3.4%.

Analysts said Tuesday's rise reflected an upbeat global mood in the absence of any major domestic catalysts, following recent gains on better-than-feared corporate earnings and management commentary.

Other global shares also rose, propped up by the United States and China saying they are still committed to their Phase 1 trade deal, and increased optimism around COVID-19 vaccine development.

Shares in Adani Enterprises Ltd ended 23.7% higher following a report on Monday that the conglomerate was in talks to buy out some of its partners in the entity that runs Mumbai's international airport.

(Reporting by Sachin Ravikumar; Editing by Ramakrishnan M.)


Stocks mentioned in the article
ChangeLast1st jan.
ADANI ENTERPRISES LIMITED 2.80% 339.1 End-of-day quote.63.07%
BAJAJ FINANCE LIMITED 0.00%End-of-day quote.0.00%
BANK OF INDIA LIMITED -1.03% 38.6 End-of-day quote.-45.21%
ICICI BANK LIMITED -1.83% 392.6 Delayed Quote.-27.15%
KOTAK MAHINDRA BANK LIMITED -1.49% 1547.6 End-of-day quote.-8.13%
NIFTY 50 -0.24% 11642.4 Delayed Quote.-4.32%
RELIANCE INDUSTRIES LTD 1.36% 2054.5 Delayed Quote.36.99%
SENSEX 30 -0.34% 39614.07 Real-time Quote.-3.97%
STATE BANK OF INDIA 0.29% 189.25 Delayed Quote.-43.30%
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Financials
Sales 2021 394 B 5 292 M 5 292 M
Net income 2021 10 454 M 140 M 140 M
Net Debt 2021 - - -
P/E ratio 2021 35,7x
Yield 2021 -
Capitalization 373 B 5 002 M 5 003 M
Capi. / Sales 2021 0,95x
Capi. / Sales 2022 0,87x
Nbr of Employees 597
Free-Float 22,5%
Chart ADANI ENTERPRISES LIMITED
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Adani Enterprises Limited Technical Analysis Chart | MarketScreener
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Technical analysis trends ADANI ENTERPRISES LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 1
Average target price 204,00 INR
Last Close Price 339,10 INR
Spread / Highest target -39,8%
Spread / Average Target -39,8%
Spread / Lowest Target -39,8%
EPS Revisions
Managers
NameTitle
Rajesh Shantilal Adani Managing Director & Executive Director
Gautambhai Shantilal Adani Executive Chairman
Jugeshinder Singh Chief Financial Officer
Pranav Vinodbhai Adani Executive Director
Hemant Madhusudan Nerurkar Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
ADANI ENTERPRISES LIMITED63.07%4 875
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SAMSUNG C&T CORPORATION1.84%16 170
SUMITOMO CORPORATION-29.53%14 006