The results hit Adani Enterprises Share Rally

The results hit Adani Enterprises Share Rally

Shares of Adani Enterprises Ltd surged near 6% intraday to touch its share high at Rs.134 on the NSE after the company reported that its consolidated net profit zoomed up 611.4pc to Rs.570.14-Cr on 39.74pc rise in net sales to Rs.10,561.37-Cr in Q1 June 2019, year-on-year. The EBITDA of the company reportedly increased 85pc to Rs896-Cr in Q1 June 2019 V/s Rs484-cr, year-on-year.

Shares of Adani Enterprises Ltd ended at Rs.132.50 up by Rs.6.90 or 5.49% from its previous closing of Rs.125.50 on the NSE.

The stock opened at Rs.126.20/share and has touched a high and low of Rs.134 & Rs.124/share respectively.

The stock hit a One-year high of Rs.236.65 on 29 August 2018 and one-year-low low of Rs113 on 16th May 2019, on the NSE

Adani Enterprises Limited is the flagship company of Adani Group, one of India’s premium business conglomerates engaged in coal management & coal mining, solar modules manufacturing.

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