Adani enterprises share price target 2023,2024 till 2030

Dear Friends, today’s blog is about Adani Enterprises share price target for 2024. From this blog, you may be able to predict the Adani enterprise’s share price target from 2023 to 2030.

Adani Enterprises Company overview

Adani Group is headed by Chairman Mr. Gautam Adani. The company’s headquarters are in Ahmedabad.

Adani Group is in the business of:

1. Edible oils and foods.
2. Mining services.
3. Solar manufacturing.
4. Airports.
5. Integrated resources management.
6. Defence and Aerospace.

Adani Enterprises has business in areas such as Data centers, water, mining, integrated resource management, defense, etc. Adani Enterprises is the flagship company of the Adani Group, which was formed in the year 1993.

The company, Adani Enterprises, is involved in the mining of iron ore and coal. Adani Enterprises was demerged and new entities were listed on the stock exchange in the name of Adani Ports, Adani Transmission, and Adani Power in the year 2015. Subsequently, Adani Gas and Adani Green were demerged in the year 2018.

To read more about Adani enterprises, you may click here – Adani enterprises

Adani enterprises share fundamentals

Adani Enterprises has given a CAGR of 27% over the last 5 years.

	Jun-20	Jun-21	Jun-22	Jun-23
Sales ( in cr)	5265	12579	40844	25438
Operating profit(in cr)	64	796	1742	2524
Net profit(in cr)	-66	266	469	677

Adani Enterprises sales have increased by 383% in the last three years and Net profit has increased by 1126% during this period.

Shareholding Pattern of Adani Enterprises

Shareholding pattern	Sep-20	Jun-21	Jun-22	Jun-23
Promoters	74.90%	74.90%	72.20%	67.60%
FIIs	20%	19.20%	15.50%	19.30%
DIIs	1.10%	2.10%	5.60%	5.40%
Public	3.60%	3.20%	6.20%	7.50%

Promoter shareholding has decreased by 7% over the last three years. DIIs stake has increased by 4.3% during the last three years. This is a positive sign.

FIIs’ stakeholding reduced from Sep 2020 to June’2022 from 20% to 15.5% but has again picked up to 19.3% by the month of June’2023. FII shareholding increase is a very positive sign for Adani Enterprises’ stock price. Public shareholding has more than doubled during this period.

Symbols

• NSE: Adanient
• BSE: 512599
• Adani Enterprises is also a part of the Nifty 50 index.

52-week high/low – Adani Enterprises share price

The 52-week high of Adani Enterprises stock price is Rs 4190 and the 52-week low is Rs 1017.

Adani Enterprises- Recent news

Adani Enterprises has been in the news lately for the wrong reasons. Hindenburg research report effect was brutal on the Adani group of shares and the result was that the shares of Adani enterprises fell from 4000 to 1000 within 3 weeks of the report. Adani group notified the SEBI that the report contained malafide data which was not true. SEBI  launched an investigation into the findings of the report and the matter went to the Supreme Court as well but nothing has been proved till now.

Adani group is mulling taking legal action against Hindenburg Research.

Adani Enterprises has acquired a 100% stake in SIBIA. The company also launched an FPO worth Rs71.66 cr. The FPO, though fully subscribed, was withdrawn at the last minute to uphold investor’s interests and market volatility.

Adani Enterprises share price 2030 Target Price

Year	Target price
2023	2410
2024	6000
2025	4300
2026	5000
2027	6700
2028	8900
2029	10500
2030	12000

Conclusion

The above blog post shares the technical and fundamental parameters of Adani Enterprises is not a buy/sell recommendation. It’s just for informational and technical purposes.

Investment in the share market is subject to market risks and one is advised to consult their financial advisor before making the decision.

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