Adani stocks continues to rally. A look at its strengths and weaknesses

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Adani stocks continues to rally. A look at its strengths and weaknesses

Adani Group of stocks carried its momentum today as well. Adani Total Gas (NS: ADAG ) was up 10%, while Adani Green Energy (NS: ADNA ) was up 4%. Let's analyze Adani Enterprises (NS: ADEL ) and understand the company's strengths and weaknesses from a fundamental analysis point of view, as shown by InvestingPro+.

Some of the positives of Adani Enterprises:

  1. Strong earnings should allow management to continue dividend payments
  2. Consistently increasing earnings per share
  3. Prominent player in the Trading Companies & Distributors industry
  4. High return over the last decade

Let's understand some of the negatives:

  1. RSI suggests the stock is in overbought territory
  2. Trading at a high earnings multiple
  3. Analysts anticipate sales decline in the current year
  4. Short-term obligations exceed liquid assets

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  • shahrukh khan @shahrukh khan
    SELL THEM....no fundamentals to support high price.......wafer thin margins...
    Like 0
  • Muralidhar saibaba @Muralidhar saibaba
    ATGL will be multibagger from here buy and be wealthy with Adani groups
    Like 4
    • Mobile App @Mobile App
      Why
      Like 0
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