Adani Enterprises share may reach up to 4300 rupees stock rises today 5 percent expert says buy book profit – Business News India – This Adani share will cross ₹ 4300, there is a rush to buy, 51% profit by placing bets today, Negosyo Balita
Shared by Adani Enterprises: There was a huge jump in shares of Adani Enterprises Limited, the flagship company of the Adani Group, on Monday. The company’s shares rose after the report of the global financial services company of America Cantor Fitzgerald. In fact, Cantor Fitzgerald had positive things to say about this part of Adani. According to this, the shares of Adani Enterprises can give a return of up to 51% to the investors. Along with this, the brokerage also sets a target price for the share.
Broker target price
According to the international brokerage, shares of Adani Enterprises could go up to Rs 4,368. Currently the price of this share on BSE is Rs 3064.20. It closed at Rs 169.65 or 5.86% higher than the previous day. During the trading the share touched a high of Rs 3092. Let us tell you that on January 27, 2023, the share price of Adani Enterprises was Rs 3,342.25, which is also a 52-week high. This is when the shares of Adani Enterprises are in selling mode. In fact, due to the Hindenburg report there was a huge fall in Adani Group shares. On February 3, 2023, the share touched a 52-week low of Rs 1,017.
Also Read- Adani’s company profit rises 148%, investors rush to buy shares, prices near record high.
What does the brokerage say?
The US based brokerage said of Adani Enterprises- We believe that Adani Enterprises is at the core of whatever India wants to achieve. Adani Enterprises is the most reliable company that brings energy resources in India. It cited 8 airports of Adani Enterprises, which account for 25 percent of airline passenger traffic and 33 percent of cargo.
Cantor Fitzgerald said Adani Enterprises has built several data centers across the country and has contracts to build more than 5,000 kilometers of roads. An integral manufacturer of solar and wind equipment for India’s renewable energy ambitions, among many other businesses. The focus areas of Adani Enterprises are airports, roads and its new energy system.
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Cantor Fitzgerald said- The remaining businesses of Adani Enterprises contribute more than 85 percent of revenue in FY 2023 and this includes many businesses that are in early stages. It will make a powerful contribution in the years to come.
Note: This is not investment advice. Here only information about share performance and expert opinion is provided. Use your discretion before investing.