Adani Enterprises Ltd.

Adani Enterprises is currently trading at Rs. 398.50, up by 5.95 points or 1.52% from its previous closing of Rs. 392.55 on the BSE.

The scrip opened at Rs. 395.00 and has touched a high and low of Rs. 403.65 and Rs. 390.60 respectively. So far 64943 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. 261.45 on 06-Jan-2012.

Last one week high and low of the scrip stood at Rs. 443.00 and Rs. 379.60 respectively. The current market cap of the company is Rs. 43959.41 crore.

The promoters holding in the company stood at 78.32% while Institutions and Non-Institutions held 16.70% and 4.98% respectively. 

Adani Enterprises, the flagship of Adani Group, has received an approval for the proposal to disinvest its holding in real estate business. This will enable the company to focus on its core activities and to deploy the funds effectively. The board at its meeting held on February 09, 2012 has approved for the same. Further, the above is subject to requisite approvals, formalities and clearances.

The company has posted a jump of about five fold in its net profit to Rs 50.24 crore for the quarter ended December 31, 2011 as compared to Rs 10.34 crore for the same quarter in the previous year. The total income has increased by 80.66% to Rs 1,298.00 crore for quarter under review as compared to Rs 718.49 crore for the quarter ended December 31, 2010.

On the consolidated basis, the company has posted a drop of 14.15% in its net profit at Rs 407.28 crore for the quarter ended December 31, 2011 as compared to Rs 474.41 crore for the same quarter in the previous year. However, total income has increased by 61.08% at Rs 9212.35 crore for the quarter under review as compared to Rs 5718.95 crore year ago.