Adani Enterprises surges after its arm incorporates wholly owned subsidiary company
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Adani Enterprises is currently trading at Rs. 1671.80, up by 16.55 points or 1.00% from its previous closing of Rs. 1655.25 on the BSE.
The scrip opened at Rs. 1652.00 and has touched a high and low of Rs. 1704.00 and Rs. 1647.00 respectively. So far 156331 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1718.45 on 07-Jun-2021 and a 52 week low of Rs. 354.05 on 11-Nov-2020.
Last one week high and low of the scrip stood at Rs. 1704.00 and Rs. 1485.30 respectively. The current market cap of the company is Rs. 183096.38 crore.
The promoters holding in the company stood at 74.92%, while Institutions and Non-Institutions held 21.92% and 3.16% respectively.
Adani Enterprises’ wholly owned subsidiary -- Adani Infrastructure (AIPL) has incorporated wholly owned subsidiary company namely ‘Mundra Solar Technology’ on November 09, 2021. Mundra Solar Technology has been incorporated for designing, development, construction, implementation, commissioning, operation and maintenance of solar photovoltaic equipment, solar photovoltaic projects, and Engineering, Procurement, Construction (EPC) of Solar Projects and ancillary projects including thin film, polysilicon, Ingot & Wafer, Cell, Module etc. manufacturing facilities, electronics products, nano telecom products and cells and modules in renewables, electronics sector and other sectors.
Adani Enterprises is an infrastructure company. The company is engaged in coal trading, coal mining, oil and gas exploration, ports, multimodal logistics, power generation and transmission, and gas distribution.
