Adani Enterprises fell 2.56% to Rs 176.65 at 14:31 IST on BSE after consolidated net profit fell 29% to Rs 403 crore on 15% growth in turnover to Rs 11036 crore in Q1 June 2012 over Q1 June 2011.
The company announced the results during trading hours today, 9 August 2012.
Meanwhile, the BSE Sensex was down 74.51 points or 0.42% to 17,526.05.
On BSE, 7.48 lakh shares were traded in the counter as against average daily volume of 6.06 lakh shares in the past one quarter.
The stock hit a high of Rs 183.50 and a low of Rs 175.15 so far during the day. The stock had hit a 52-week low of Rs 168.35 on 30 July 2012. The stock had hit a 52-week high of Rs 627.45 on 21 September 2011.
The stock had underperformed the market over the past one month till 8 August 2012, sliding 22.64% compared with the Sensex's 0.45% rise. The scrip had also underperformed the market in past one quarter, tumbling 32.69% as against Sensex's 6.37% rise.
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The large-cap company has equity capital of Rs 109.98 crore. Face value per share is Re 1.
Adani Enterprises is the flagship company of the Adani Group. The company is the largest private sector coal importer in India.
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