Adani Enterprises has target of Rs 786: Prakash Diwan

Adani Enterprises has target of Rs 786, says Prakash Diwan of Asit C Mehta Investment Intermediates.

Diwan told CNBC-TV18, "It is also important that we start looking at more diversified companies given the way the situation is with high inflation and rising interest cost, slowing credit growth. Adani Enterprises is fairly diversified, available at about 2.5-2.6 price to book value multiple for FY12." He further added, "It has a fairly diversified revenue stream and could possibly be promising in the near medium-term. Look at that with a target price of Rs 786 and stop loss of Rs 739, so one can go long on that." Click HERE to know the rules and follow the score card