Adani Enterprises Ltd up by 11.41%: Traders Corners | Espresso


Espresso shot of the day – Adani Enterprises Ltd up by 11.41 percent

March 22, 2021
Espresso shot of the day – Adani Enterprises Ltd up by 11.41 percent

ADANI ENTERPRISES LTD 990.90 (+11.41%)  BSE – INE423A01024| 22ND MARCH 2021

Focusing on establishing new businesses in the infrastructure and energy sector, Adani Enterprises Ltd. (AEL) is an incubator that remains motivated to convert opportunities to thriving businesses. Since their listing in 1994, they have consistently delivered value – maximizing returns for stakeholders and proactively participating in nation building activities. Over the past three decades, AEL has broadened its presence across key industries, to emerge as a market leader. They are now poised to nurture businesses that address issues of national importance. Businesses such as Adani Ports and Special Economic Zone Limited, Adani Power, Adani Transmission, Adani Green Energy and Adani Gas have been demerged from Adani Enterprises and/or independently listed on the Indian stock exchanges, to synergise growth and facilitate our nation building endeavors. To sustain their vision of an empowered nation, they now remain focused on building infrastructure for Airports, Roads, Water, Data Centre and Solar manufacturing.

Recent Drivers

  • Adani Enterprises Ltd. reported quarterly net profit at Rs 145.13 crores in December 2020 up 26.78% from Rs 114.47 crores in December 2019.
  • Adani Enterprises Ltd. reported net sales at Rs 496.11 crores in December 2020 up 1.42% from Rs 489.17 crores in December 2019.
  • On 20th March 2021, Adani Group announced that it has received an award for a toll-operate-transfer (TOT) road project from National Highways Authority of India (NHAI).  
  • The net worth of Adani, a first-generation entrepreneur who rarely speaks publicly, has jumped $16.2 billion in 2021 to $50 billion, according to the Bloomberg Billionaires Index. 
  • On 3rd March 2021, Gautam Adani-led Adani Enterprises Ltd. today joined the Rs 1-trillion-market capitalisation club after its shares touched a 52-week high of Rs 944.75 per share on the BSE.
(Sources: MoneyControl, Livemint, Business Standard, Dalal Street Investment Journal)

Technical Force*

  • S&P BSE ALL CAP month till date gain up by 1.44%
  • Traded on new 52 week high – 1003.10
  • Spurt in Volume by more than 2.22 times
  • 3 months avg qty – 504,484
  • Quantity traded 8,97,824 Deliverable quantity 94,926(10.57%)
  • Stock price has jumped more than 700% from one year low level – 116.25, 24 March 2020
  • Daily RSI (14) is in overbought territory today
  • 52 -week high – 1003.10 | 52- week low- 116.25

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Some Key Ratios (Source: BSE)

Market Cap: 1,08,980.18 crores

PE: 606.05

OPM%: 5.14

ROE%: 4.15

Promoters holding : 74.92

Prev. Close: 889.40

*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.