Sell Adani Enterprises, target Rs 197: Kunal Bothra

Independent analyst Kunal Bothra has a sell call on Adani Enterprises Ltd. with a target price of Rs 197. The current market price of Adani Enterprises Ltd. is Rs 208.2. Time period given by the analyst is Intra Day when Adani Enterprises Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 215. Adani Enterprises Ltd., incorporated in 1993, has a market cap of Rs 22898.05 crore.

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.