The volume deceleration in FY23 was due to a contraction of 5-6% in the second half of the fiscal year due to weakness in Europe and the US. The European operations reported volume drop in each of the three quarters to March 2023.
Motilal Oswal initiates coverage on Adani Enterprises with Buy, sees 25% upside. Here’s why
Motilal Oswal has initiated coverage on Adani Enterprises with a Buy rating and a target price of Rs 3,880, implying 25% upside from the prevailing