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Buy Adani Enterprises, price target Rs 220: CK Narayan

The analyst suggested a stoploss at Rs 207 .

ETMarkets.com|
Updated: Dec 13, 2019, 12.25 PM IST
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Adani Enterprises Ltd., incorporated in the year 1993, is a Large Cap company (having a market cap of Rs 23222.49 Crore) operating in Diversified sector.
CK Narayan of Chart Advise has a buy call on Adani Enterprises Ltd. with a target price of Rs 220.0 . The current price of Adani Enterprises Ltd. is Rs 210.7 . CK Narayan recommended to keep a stoploss at Rs 207 .

Adani Enterprises Ltd., incorporated in the year 1993, is a Large Cap company (having a market cap of Rs 23222.49 Crore) operating in Diversified sector.

Adani Enterprises Ltd. key Products/Revenue Segments include Traded Goods which contributed Rs 13384.34 Crore to Sales Value (86.12 % of Total Sales), Sale of services which contributed Rs 1950.28 Crore to Sales Value (12.54 % of Total Sales) and Other Operating Revenue which contributed Rs 206.68 Crore to Sales Value (1.32 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 8464.19 Crore, down -19.86 % from last quarter Sales of Rs 10561.37 Crore and down -7.54 % from last year same quarter Sales of Rs 9154.59 Crore Company has reported net profit after tax of Rs -42.16 Crore in latest quarter.

The company’s top management includes Mr.Gautam S Adani, Mr.Hemant Nerurkar, Mr.Narendra Mairpady, Mr.Pranav Adani, Mr.Rajesh S Adani, Mr.V Subramanian, Mr.Vinay Prakash, Mrs.Vijaylaxmi Joshi. Company has Shah Dhandharia & Co. as its auditoRs As on 30-09-2019, the company has a total of 1,099,810,083 shares outstanding.

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