NSE:ADANIENT ADANI ENTERPRISES
Company overview: Adani Enterprises is the flagship company of the Adani Group, one of the largest conglomerates in India. The company is involved in a wide range of businesses, including energy, ports, logistics, and infrastructure.
Financial performance: Adani Enterprises has been profitable in recent years, with net income of INR 12.2 billion in fiscal year 2022-23. The company's revenue has grown at a compound annual growth rate (CAGR) of 20% over the past five years.
Valuation:ADANIENT is currently trading at a price-to-book ratio (P/B) of 2.96. This is above the average P/B ratio of 1.0 for the Indian equity market.
Risks: The risks to ADANIENT include the volatility of the Indian stock market, the concentration of the company's business in a few sectors, and the political and regulatory risks in India.
Price trend:The price of ADANIENT has been on an upward trend in recent months, rising from INR 1,700 per share in March 2023 to INR 2,450 per share as of September 3, 2023.
Moving averages: Its below 20 EMA, which gives some weakness sign, however its near to 50 EMA
Conclusion: The fundamental analysis of ADANIENT indicates that the company is a well-managed business with a strong financial performance. However, the technical analysis suggests that the stock may be due for a consolidation. Investors should carefully consider the risks before investing in ADANIENT.
It is important to note that this is just a brief summary of the fundamental and technical analysis of ADANIENT. Investors should do their own research before making any investment decisions.
Here are some additional things to consider when analyzing Adani Enterprises:
* The company is facing increasing competition in some of its businesses, such as coal mining and ports.
* The company is also facing regulatory challenges, such as environmental clearances for its projects.
* The company's debt levels are high, which could be a risk if interest rates rise.
Overall, Adani Enterprises is a well-managed company with a strong financial performance. However, there are some risks that investors should be aware of before investing in the stock.
Bulls to take charge above 2610 levels day close basis.
2610 deciding level for bulls to get back which is the 6th point of 5-0 pattern and ascending triangle breakout confirmation, an important level, and if it breaks above, it can regain a 4k level again.
Bears to take charge below 2410 levels day close basis.
2410 deciding level for bears to take charge for immediate 2240 & 1920 levels based on ascending triangle breakdown and the activation of 5-0 pattern. downside possible is 1000 and below.
THIS GROUP IS FOR DISCUSSION AND LEARNING PURPOSE. I AM NOT SEBI REGISTERED ANALYST.
ALL MY POSTS ARE FOR Educational PURPOSES ONLY, I WON'T BE RESPONSIBLE FOR ANY OF YOUR LOSS.
KINDLY CONSULT YOUR FINANCIAL ADVISOR BEFORE TAKING POSITIONS.
close above 2610, now stock is ready fo 3900
Keep a very strict stop loss of 2400 if holding, its still under controversies