6% rise, shares rise due to big achievement of Navi Mumbai Airport

Adani Enterprises shares registered a rise of 6.89% today. This surge comes after an important achievement of Navi Mumbai International Airport.

• Yesterday, this airport successfully completed the first commercial flight validation test.
• IndiGo’s A-320 aircraft successfully landed on the runway.
• This airport will be opened for passengers from 17 April 2025.

Airport business of Adani Enterprises

Adani Enterprises currently operates 8 airports and has 23% market share in the sector.

• Quarterly Achievements:
  • Added 14 new routes.
  • Added 12 new airlines.
  • Launched 26 new flights.
• future plans:
  • 8 Plan to develop infrastructure around the airport.

Opinion of brokerage firm Ventura

Brokerage Ventura has a positive outlook on Adani Enterprises.

• Stock target with Buy rating at ₹3801 (2-year view).
• Valuation of Airport Business:
  • Total Value: ₹1.87 lakh crore.
  • Value per share: ₹1384.
• Growth Rate:
  • Airport business expected to grow annually by 25.1% between FY 2024-27.

stock performance

• Today’s business:
  • As of 2:40 PM, the stock was trading at ₹2575, up ₹166.05 (6.89%) on NSE.
  • Day’s high: ₹2588.45.
  • Day’s low: ₹2421.95.
• 52 week performance:
  • High: ₹3743.90.
  • Take: ₹2025.
• Market cap: ₹297,524 crore.
• Trading Volume: 5,797,906 stocks.

recent returns

• Last 1 week: Share up 10%.
• Last 1 month: 4.5% gain.
• January to date: 9.6% decline.
• Last 1 year: 9.61% negative returns.
• Last 3 years: 51.86% positive returns.