Adani Enterprises stock price today: Shares of Adani Enterprises Ltd. continued their rally and surged more than one percent on the BSE in Friday’s first trades to hit a new all-time high of Rs 3,506 apiece. The stock is included in the benchmark Nifty 50 index this month. As part of the index redesign, Adani Enterprises will replace Shree Cement. These changes will be effective from September 30, 2022.
The Index Maintenance Sub-Committee – Equities (IMSC) of NSE Indices Limited has decided to make the changes as part of its periodic review, a statement said on Thursday. Adani Enterprises, the flagship company of the Gautam Adani Group, is one of the fastest growing diversified businesses that offers a wide range of products and services. The company operates as an incubator, creating new businesses in the transportation and logistics, energy and utilities sectors, in addition to increasingly focusing on direct-to-consumer businesses.
AEL is leading the Decarbonization of Industries and Mobility initiative through Adani New Industries Limited (ANIL). Other strategic next-generation AEL business investments center on airport management, roads, data centers and water infrastructure, which have significant headroom to unlock value.
Stock price history
So far in 2022, the stock has nearly doubled investors’ money. The stock has given multibagger returns of over 103% in 2022 (YTD) and has gained over 111% in the past six months. The stock has gained 127.08% year-to-date this year.
The company’s attributable net profit rose 73% to Rs 469 crore in the first quarter ended June of the current fiscal year, while its consolidated revenue jumped 223% year-on-year. other (YoY) at Rs 41,066 crore for the quarter ended. June 30, 2022, thanks to the good performance of integrated resource management (IRM) and airport activities.
The company’s EBIDTA jumped by 107% to Rs 1,965 crore due to full consolidation of airport business and improved achievements in MRI business. During the first quarter of the current financial year, the company completed a primary capital transaction of Rs 7,700 crore with Abu Dhabi-based International Holding Company (IHC) for a 3.5% stake.
“AEL’s strong growth enables us to accelerate the continued development of new businesses such as data centers, airport ecosystems, road and maritime infrastructure, defense and aerospace, and digital technology services. Through our partnership with TotalEnergies in ANIL, we have also started our journey to become the world’s largest player in green hydrogen,” said Gautam Adani, Chairman of Adani Group, in a statement.
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