Adani Enterprises bounces 17% from day's low on massive jump in Q3 profit

For Q3FY23, Adani Enterprises' consolidated profit after tax (PAT) came in at Rs 820 crore as against a loss of Rs 12 crore in the same quarter last fiscal (Q3FY22)

Shares of Adani Enterprises (AEL) jumped 10 per cent to an intra-day high of Rs 1,889, bouncing 17 per cent from the day's low on the BSE on Tuesday soon after the company announced its October-December quarter (Q3FY23) earnings. The stock of the Gautam Adani-led group company had hit an intra-day low of Rs 1,611.30.

At 02:27 PM; AEL, the flagship company of Adani group, was quoting 7 per cent higher at Rs 1,837.60, as compared to a 1 per cent rise in the S&P BSE Sensex. The stock, however, has more-than-halved from its record high level of Rs