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Technical Analysis, Share Price Target, Support, Resistance, Charts of Adani Enterprises Ltd

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Latest Updates on Adani Enterprises Ltd

Adani Enterprises on 24th May 2017 declared its Q4 results. Company has declared 60% jump in net profits to Rs. 221cr. Increase in profits are mainly because of higher contribution from coal trading.

Group CFO Adani Group, Rajiv Nayar said, "Adani Enterprises has registered improved financial performance on the back of its strong operational performance across key segments. Our continued focus on infrastructure, energy and agro sectors is expected to continue to drive our performance."

Adani group renewable arm is interested in raising external equity capital after having pumped in million of dollars of its own money to build a pipeline of project worth over 2 GW said in its statement on 16th May 2017.

Market analyst are quite bullish on Adani Enterprises, CNBC TV18 analyst said that one can but Adani Enterprises with a stop loss of Rs. 121.80, and investor can keep a stock target of Rs. 127, 129. Stock price of Adani Enterprises closed with a marginal gain at Rs. 122.80 at NSE on 16th May 2017, Tuesday.