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    512599   INE423A01024

ADANI ENTERPRISES LIMITED

(512599)
  Report
End-of-day quote Bombay Stock Exchange  -  2023-01-31
2128.70 INR   -28.45%
01:29aIndia's Adani cancels massive FPO after stock crash
AQ
01:22aAdani pulls new equity fundraise in latest blow
AQ
12:27aTrending : Adani Enterprises Share Volatility Continues
DJ
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Rupee edges higher on soft dollar, traders eye inflows

01/25/2023 | 12:13am EST
A man counts Indian currency notes inside a shop in Mumbai

MUMBAI (Reuters) - The Indian rupee strengthened against the U.S. currency on Wednesday, as the dollar remained muted and Treasury yields declined.

The rupee was trading at 81.5350 per dollar by 10:13 a.m. IST, compared with its previous close of 81.72.

The currency weakened around 0.7% in the first two days of the week. Traders pointed to the Reserve Bank of India likely buying dollars on Monday when the rupee scaled a high of 80.88.

"A tussle between buyers and sellers is likely to continue" as inflows into the market could keep the rupee strong, but RBI's intervention on the other side could limit gains, said Amit Pabari, managing director at CR Forex.

"The currency's broad range would remain between 80.80 to 82.10."

India's first-ever green bond will be open for auction later in the day while bidding for Adani Enterprises' 200 billion rupees ($2.45 billion) follow-on public offering begins on Friday.

Asian currencies were a mixed bunch as some countries resumed trading after two days of holidays for the Chinese New Year. The offshore yuan climbed 0.1%, while the Indonesian rupiah slipped.

Wall Street indexes closed mixed overnight, though their Asian counterparts gained.

The dollar index searched for direction around the 101.90 levels, lately pressured by a surging euro and weak domestic economic data.

U.S. business activity contracted for the seventh straight month in January, adding to a slew of data that showed the Federal Reserve's monetary tightening was inducing an economic slowdown.

Treasury yields continued to fall. The 2-year yield, which tracks short-term interest-rate expectations, was down another 5 basis points (bps) to 4.16% and has overall declined over 20 bps this month.

At the Fed's interest rate decision on Feb. 1, markets largely expect a smaller 25 bps hike.

($1 = 81.5470 Indian rupees)

(Reporting by Anushka Trivedi; Editing by Dhanya Ann Thoppil)

By Anushka Trivedi


ę Reuters 2023
Stocks mentioned in the article
ChangeLast1st jan.
ADANI ENTERPRISES LIMITED -28.45% 2128.7 End-of-day quote.-44.84%
AUSTRALIAN DOLLAR / INDIAN RUPEE (AUD/INR) 0.41% 58.516906 Delayed Quote.1.99%
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) -0.09% 0.71409 Delayed Quote.3.58%
BANK OF INDIA LIMITED -1.82% 78.3 Delayed Quote.-9.69%
BRITISH POUND / US DOLLAR (GBP/USD) -0.03% 1.2382 Delayed Quote.2.10%
CANADIAN DOLLAR / INDIAN RUPEE (CAD/INR) 0.24% 61.598 Delayed Quote.-0.38%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) -0.17% 0.7519 Delayed Quote.1.22%
DOW JONES FXCM DOLLAR INDEX -0.10% 12628.64 Real-time Quote.-1.06%
EURO (B) VS INDIAN RUPEE SPOT (EUR/INR) 0.37% 90.1101 Delayed Quote.-0.16%
EURO / US DOLLAR (EUR/USD) -0.06% 1.1005 Delayed Quote.1.38%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.20% 0.012211 Delayed Quote.1.53%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 0.17% 0.65256 Delayed Quote.1.86%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) -0.02% 6.7158 Delayed Quote.-2.42%
US DOLLAR / INDIAN RUPEE (USD/INR) 0.22% 81.878 Delayed Quote.-1.51%
All news about ADANI ENTERPRISES LIMITED
01:29aIndia's Adani cancels massive FPO after stock crash
AQ
01:22aAdani pulls new equity fundraise in latest blow
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12:27aTrending : Adani Enterprises Share Volatility Continues
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12:25aAdani Selloff Worsens After Cancellation of $2.5 Billion Share Sale
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02/01India central bank asks country's banks for details of exposure to Adani group - source..
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02/01Credit Suisse's Private Banking Arm Assigns Zero Lending Value for Adani Notes
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02/01Citigroup wealth unit stops margin loans against India Adani's securities - source
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02/01Citigroup's wealth arm stops margin loans on Adani securities - Bloomberg News
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02/01Citigroup’S Wealth Unit Halts Margin Loans On Adani Securities - Bloomberg News
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Analyst Recommendations on ADANI ENTERPRISES LIMITED
More recommendations
Financials
Sales 2023 717 B 8 770 M 8 770 M
Net income 2023 23 734 M 290 M 290 M
Net Debt 2023 - - -
P/E ratio 2023 102x
Yield 2023 -
Capitalization 2 466 B 30 159 M 30 159 M
Capi. / Sales 2023 3,44x
Capi. / Sales 2024 3,18x
Nbr of Employees 5 051
Free-Float 19,8%
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
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 1
Last Close Price 2 128,70 INR
Average target price 3 512,00 INR
Spread / Average Target 65,0%
EPS Revisions
Managers and Directors
Rajesh Shantilal Adani Managing Director & Executive Director
Jugeshinder Singh Chief Financial Officer
Gautambhai Shantilal Adani Executive Chairman
Jatin R. Jalundhwala Secretary & Joint President-Legal
Hemant Madhusudan Nerurkar Independent Non-Executive Director
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