Adani Enterprises Limited

Equities

ADANIENT

INE423A01024

Diversified Industrial Goods Wholesale

Market Closed - Bombay S.E. Other stock markets 03:30:56 18/07/2024 pm IST			5-day change	1st Jan Change
3,091 ^INR	-0.63%		+0.41%	+8.48%

16/07	Adani, Wilmar Are Said To Weigh Selling $670 Million Stake In JV- Bloomberg News	RE
02/07	Kotak Mahindra says Hindenburg was not an investor in its fund	RE

India's Adani Group says evaluating taking action against Hindenburg Research

January 26, 2023 at 11:33 am IST

BENGALURU (Reuters) - India's Adani Group said on Thursday it is evaluating relevant provisions under U.S. and Indian laws for "remedial and punitive action" against Hindenburg Research, which accused the conglomerate of improper use of offshore tax havens and flagged concerns about high debt.

(Reporting by Anuran Sadhu in Bengaluru; Editing by Muralikumar Anantharaman)

Latest news about Adani Enterprises Limited

Adani, Wilmar Are Said To Weigh Selling $670 Million Stake In JV- Bloomberg News	16/07	RE
Kotak Mahindra says Hindenburg was not an investor in its fund	02/07	RE
Hindenburg denies Indian regulator's allegations on Adani short bet	02/07	RE
Hindenburg receives 'show cause' letter from Indian markets regulator	02/07	RE
Adani CFO calls some regulator notices group received 'trivial'	25/06	RE
India's Adani Group to increase capex to $15.6 bln in fiscal 2025, CFO says	25/06	RE
India's Adani Group sees fiscal 2025 capex at $15.6 bln, CFO says	25/06	RE
Adani Group Set to Capitalise on Opportunities in Infra Space	25/06	CI
Adani, Hindalco show interest as Hindustan Copper plans to develop two mines, source says	24/06	RE
India's Adani Group 'well positioned' to capitalise on country's infra spending, chairman says	24/06	RE
Indian Shares Fall on Friday Due to Profit Booking, Weak Global Sentiment	21/06	MT
Adani's Defense and Aerospace Arm, UAE's EDGE Group Tie Up for Defense, Security Cooperation	11/06	MT
Adani Enterprises, Edelweiss Fund Reportedly Among 20 Companies in Fray for IL&FS' Road Assets	10/06	CI
Adani Enterprises' Airport Management Arm Sees 7% Jump in Handled Cargo in Fiscal 2024	10/06	MT
Indian airports' FY25 profit to grow 35% on strong demand, says CAPA India	07/06	RE
Industrials Decline on Growth Fears - Industrials Roundup	05/06	DJ
Indian Shares Plunge as Modi-Led Coalition Stares at Narrow Victory Margin -- Update	04/06	DJ
Indian Equities Plunge as Ruling Party Struggles to Secure Majority	04/06	MT
INDIA STOCKS-Indian shares see worst session in 4 years as lead narrows for Modi's alliance	04/06	RE
INDIA STOCKS-Indian shares see worst session since pandemic on narrower lead for Modi's alliance	04/06	RE
INDIA STOCKS-Indian shares fall 3% as early lead for Modi's alliance below expectations	04/06	RE
India's Adani Group rallies on infrastructure bets as Modi seen retaining power	03/06	RE
INDIA STOCKS-India's blue-chips hit record highs on hopes of third term for Modi	03/06	RE
Mahan Energen Limited agreed to acquire Stratatech Mineral Resources Pvt Limited from Adani Enterprises Limited.	03/06	CI
INDIA STOCKS-Indian shares set to open lower on weak global cues, election jitters	30/05	RE

Chart Adani Enterprises Limited

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Company Profile

Adani Enterprises Limited is a diversified group organized around 5 areas of activity: - logistics and supply services (66.9% of net sales); - mining extraction services (3.8%); - manufacturing of photovoltaic panels (3.5%); - airport management (3.4%): ownership, at the end of March 2022, of 6 airports in India; - other (22.4%): manufacturing of food products, production of palm oil, production of sugar, storage, handling and transportation of fruit, manufacturing of aeronautical and defense systems, construction of roads, highways and rail infrastructure, construction of data centers, development and rehabilitation of wastewater treatment plants and related infrastructure, etc. Net sales break down by source of revenue mainly between sales of products (85.7%) and services (14.2%). India accounts for 60.3% of net sales.

Sector

Diversified Industrial Goods Wholesale

Calendar

01/08/2024 - Q1 2025 Earnings Release (Projected)

Related indices

NIFTY 50 , NIFTY 100

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Ratings for Adani Enterprises Limited

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

3,110 INR

Average target price

4,069 INR

Spread / Average Target

+30.84%

Consensus

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Quarterly earnings - Rate of surprise

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Sector Diversified Industrial Goods Wholesale

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Diversified Industrial Goods Wholesale