- By Aditya Pratap Singh
- Wed, 30 Oct 2024 12:42 PM (IST)
- Source:JND
Adani Enterprises Share Price: Adani Enterprises' stock increased by 5% after the Indian conglomerate reported a 664% year-over-year (YoY) growth in the July-September quarter against Rs 228 crore in the year-ago period. At around 12:10 p.m., it was trading at Rs 2,979.35, up 4.59 per cent or Rs 130.75
The company's operating revenue stood at Rs 22,608 crore in the reported quarter, representing an increase of 16% over Rs 19,546 crore in the corresponding quarter of the previous fiscal.
While revenue decreased from Rs 25,472 crore in the previous quarter, it increased 16% to Rs 22,608 crore from Rs 19,546 crore a year ago. In its recent board meeting, Adani Enterprises approved plans to raise Rs 2,000 crore via non-convertible debentures (NCDs) and also noted a successful capital-raising of Rs 4,200 crore ($50 crore) via qualified institutional placements (QIPs).
In recent times, Adani Enterprises has made significant gains in various sectors. Notably, an award letter from SECI has been issued to enable the production of 101.5 MW of electrolyzers, bringing its total awarded capacity to 300 MW.
Adani's stock gains today underscore market confidence in the group's strategy to continue to expand across sectors ranging from data centres and roads to metals and speciality manufacturing.