Adani Enterprises trades jubilantly after its arm emerges as preferred bidder for Ballada Bauxite Block
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Adani Enterprises is currently trading at Rs. 1828.15, up by 221.45 points or 13.78% from its previous closing of Rs. 1606.70 on the BSE.
The scrip opened at Rs. 1699.00 and has touched a high and low of Rs. 1839.40 and Rs. 1690.35 respectively. So far 777347 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 4189.55 on 21-Dec-2022 and a 52 week low of Rs. 1017.10 on 03-Feb-2023.
Last one week high and low of the scrip stood at Rs. 1839.40 and Rs. 1103.00 respectively. The current market cap of the company is Rs. 207508.70 crore.
The promoters holding in the company stood at 72.63%, while Institutions and Non-Institutions held 20.84% and 6.53% respectively.
Adani Enterprises’ wholly owned subsidiary -- Mundra Aluminium (MAL) has been emerged as preferred bidder for Ballada Bauxite Block and subsequently a Letter of Intent (LoI) has been issued by Government of Odisha in respect of the said mineral block in Odisha.
Earlier, Mundra Aluminium had been declared as the preferred bidder for the Kutrumali bauxite block by the Odisha government.
Adani Enterprises (AEL) is the flagship company of Adani Group, one of India’s largest business organisations.
