Adani Enterprises is currently trading at Rs 320.25, up by 5.40 points or 1.72% from its previous closing of Rs 314.85 on the BSE.
The scrip opened at Rs 317.30 and has touched a high and low of Rs 324.50 and Rs 317.30 respectively. So far 21744 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 1 has touched a 52 week high of Rs 765.95 on 26-Jul-2011 and a 52 week low of Rs 279.00 on 24-Nov-2011.
Last one week high and low of the scrip stood at Rs 330.00 and Rs 306.25 respectively. The current market cap of the company is Rs 34627.52 crore.
The promoters holding in the company stood at 78.32% while Institutions and Non-Institutions held 16.89% and 4.80% respectively.
Adani Enterprises, the flagship of the Adani Group is likely to spend more than $4 billion to develop and mine coal blocks awarded to its various joint ventures with state electricity boards. The company has also appointed Australian coal company Linc Energy as a mining operator in five coal blocks through a competitive tender process.
The company will also develop the infrastructure to deliver coal to projects under an agreement with electricity boards. Under this development it will acquire land, provide compensation to locals and wash coal before delivery to the various power projects being built by the Maharashtra, Gujarat and Chhattisgarh governments.
The entity has reported 63.16% fall in net profit for the quarter under review at Rs 46.02 crore. The company had posted a net profit of Rs 124.93 crore in the corresponding period last year. However, the company’s total income has surged by 94.44% at Rs 1702.97 crore for Q2FY12 as compared to Rs 875.83 crore for Q2FY11.
Company Name | CMP |
---|---|
Adani Enterprises | 3053.50 |
Redington | 214.45 |
Amrapali Industries | 14.99 |
Rashi Peripheral | 319.05 |
Compuage Infocom | 4.36 |
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