Hold Adani Enterprises, says Nooresh Merani

Nooresh Merani of Analyse India told CNBC-TV18, "In Adani Enterprises, there was a de-merger. One would be receiving shares of Adani Ports, Adani Power and Adani Transmission. So, one can continue to hold on.”

At 15:01 hrs Adani Enterprises was quoting at Rs 117, up Rs 7.25, or 6.61 percent.

The company's trailing 12-month (TTM) EPS was at Rs 3.70 per share. (Mar, 2015). The stock's price-to-earnings (P/E) ratio was 31.62. The latest book value of the company is Rs 94.94 per share. At current value, the price-to-book value of the company was 1.23. The dividend yield of the company was 1.2 percent.

Disclosure: Analyst doesn't hold the above stock.