Shares of Gautam Adani-led Adani Enterprises are in focus following a 664% YoY jump in consolidated net profit for the September quarter, reaching Rs 1,742 crore. Revenue from operations rose 16% to Rs 22,608 crore. Additionally, the board approved a Rs 2,000 crore fundraising plan through the issuance of Non-Convertible Debentures (NCDs) in one or more tranches.
Long-term investors should focus on structural trends over short-term volatility: Ravi Dharamshi
So, from the peak to correct around 15% kinds is I would say, but beyond that I would say then they start looking attractive again