Adani Enterprises Stock Rises On Strong Q4: SEBI RA Gaurav Narendra Puri Eyes Upside Toward ₹3,060

The surge in Adani Enterprises’ Q4 profit was largely attributed to a one-off gain from the partial stake sale in its Wilmar joint venture, while revenue fell 7% year-on-year.
In this photo illustration, the Adani Enterprises logo is seen displayed on a smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images)
In this photo illustration, the Adani Enterprises logo is seen displayed on a smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images)
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Deepti Sri·Stocktwits
Updated Mar 05, 2026   |   2:29 PM EST
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Adani Enterprises could rise toward ₹3,060 following its March-quarter earnings beat and broad-based annual performance, according to SEBI-registered analyst Gaurav Narendra Puri.

Puri said the stock, which is up 1.2% at ₹2,300 at the time of writing, has key resistance levels at ₹2,480, ₹2,644 and ₹3,060. 

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He identified strong support at ₹2,070 and cautioned that a break below that could trigger short-term downside momentum.

The flagship company of the Adani Group reported a 752% year-on-year surge in net profit to ₹3,845 crore in the quarter ended March 2025, largely driven by a one-time gain from the partial sale of its stake in a consumer products joint venture with Wilmar. 

However, quarterly revenue declined 7% YoY to ₹27,602 crore.

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For the full fiscal year, consolidated revenue rose 2% to ₹1 lakh crore. EBITDA grew 26% to ₹16,722 crore, while net profit more than doubled to ₹7,112 crore.

Puri said Adani Enterprises remains structurally well-positioned due to its expanding presence in renewable energy, airports, data centres, and infrastructure. 

He also noted that strategic divestitures have helped improve capital efficiency. 

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The analyst expects value unlocking in future years as verticals such as Adani Roads and Adani Airports become more autonomous.

The stock has declined 8.8% so far in 2025.

On Stocktwits, retail sentiment was classified as ‘bullish’ after the results, with message volume at ‘normal’ levels, indicating steady interest despite macroeconomic headwinds.

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