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IST
Edelweiss Research is bullish on Adani Enterprises and has maintained buy rating on the stock in its June 02, 2008 research report.
"In Q3FY08, other income included a net gain of Rs 208.4 million, realised on account of sale of 49% stake in Adani Retail to Reliance Retail. PAT grew 13% Q-o-Q to Rs 1.38 billion. We have not factored in any of the new initiatives in our SOTP value of Rs 1,043 per share. We continue to maintain our ‘BUY’ recommendation on the stock." according to Edelweiss Research report. Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. For further details click on attachment......
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