Adani Enterprises shares hit new record high

The stock of Adani Enterprises continued its rally on Wednesday, hitting a new high of ₹1,549 in the intra-day trading on the Bombay Stock Exchange (BSE). The stock price has now surpassed its previous high of ₹1,390, recorded on Tuesday.

Earlier this month, the company announced that its January to March profit stood at ₹413 crore, up seven times as against ₹61 crore during the same period last year.

However, total income remained constant at ₹13,689 crore.

For the entire financial year 2020-21, net profit was up 26 per cent at ₹1,182 crore. Total income in FY21 dropped to ₹40,291 crore as compared to ₹44,086 crore in FY20.