Accumulate Adani Enterprises on dips: Kulkarni

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Accumulate Adani Enterprises on dips: Kulkarni

Accumulate Adani Enterprises on dips, says Shardul Kulkarni, Senior Technical Analyst at Angel Broking.

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Excerpts from Midcap Radar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Shardul Kulkarni See what other Experts & Brokerages are saying about Adani Enterpris See messages about Adani Enterpris

Accumulate Adani Enterprises on dips, says Shardul Kulkarni, Senior Technical Analyst at Angel Broking.

Kulkarni told CNBC-TV18, "In Adani Enterprises we feel there is an opportunity to go long. So any dip should be used to accumulate. The charts are much more promising than that of Adani Power, so I would recommend buying into Adani Enterprises."

The share touched its 52-week high Rs 765.95 and 52-week low Rs 261.45 on 26 Jul, 2011 and 06 Jan, 2012, respectively. Currently, it is trading -48.17% below its 52-week high and 51.85% above its 52-week low. Market capitalisation stands at Rs 43,662.46 crore.

The company's trailing 12-month (TTM) EPS was at Rs 2.45 per share. (Sep, 2011). The stock's price-to-earnings (P/E) ratio was 162.04. The latest book value of the company is Rs 88.82 per share. At current value, the price-to-book value of the company was 4.47. The dividend yield of the company was 0.25%.