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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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