The stock opened at ₹2,247 per share, surpassing its previous closing price of ₹2,217.
The stock hit an intraday high of ₹2,297.95, marking a 3.45% increase.
Yearly Performance
Adani Enterprises reported a 44% YoY increase in its consolidated net profit, reaching ₹677 crore.
A Drop in Revenue
The company's revenue from operations dropped by 37% YoY, largely impacted by the decline in coal prices.
New Ventures
Adani Global announced a joint venture with Kowa Holdings for the sales and marketing of green ammonia, green hydrogen, and their derivatives.
Stake Changes
Foreign portfolio investors reduced their stake in Adani Enterprises to 14.5%, while the company's promoters increased their stake to 72.61%.
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