Adani Enterprises stock: IIFL Capital sets INR 3,282.00 target for Adani Enterprises stock

IIFL Capital initiated coverage of Adani Enterprises on October 15, 2026 and assigned a target price of INR 3,282.00, which is 21.91 percent above the INR 2,692.00 last price. The analyst view was reported by NDTV Profit. Adani Enterprises stock last traded at INR 2,692.00 on October 16, 2026 at 3:29 p.m. IST, down 0.30 percent on NSE versus the prior close.

Earnings carry a clear contrast

Revenue from operations reached INR 329.24 billion in the first quarter of fiscal 2027. Net income was a loss of INR 11.60 billion for the same period, according to the company's investor-relations page, which also identifies the NSE and BSE listings and the ISIN.

The latest quarter therefore combines a large operating base with negative reported earnings. IIFL Capital expects revenue and EBITDA to grow at compound annual rates of 22.00 percent and 35.00 percent, respectively, between fiscal 2026 and fiscal 2029, according to the October 15, 2026 report.

Price sits below its high

Adani Enterprises traded between INR 2,673.50 and INR 2,715.60 during the October 16, 2026 session. Volume was 848,383 shares against an average of 1,564,514 shares, putting turnover 45.77 percent below that average.

The 52-week range was INR 1,753.00 to INR 3,245.00 as of October 16, 2026. The last price stood 17.04 percent below the 52-week high, leaving the chart position materially below its annual peak.

Valuation and next date

Market capitalization was INR 3.6 trillion and the price-to-earnings ratio was 42.59 as of October 16, 2026. The company's investor-relations calendar lists October 28, 2026 as the board meeting date for the second quarter of fiscal 2027; the calendar marks the schedule as tentative.

Comparison with peers

Adani Enterprises (NSE, INR): minus 0.30 percent, P/E 42.59, market capitalization INR 3.6 trillion
Reliance Industries (NSE, INR): minus 0.31 percent, P/E 21.93, market capitalization INR 16.4 trillion
Larsen & Toubro (NSE, INR): minus 0.13 percent, P/E 30.09, market capitalization INR 5.0 trillion

Stock price context

The day ended with a modest decline against the NSE prior close, while the valuation remained above the multiples of both comparison companies. The next scheduled reporting date gives investors a defined near-term checkpoint for the earnings trajectory.

Adani Enterprises stock last traded at INR 2,692.00 on October 16, 2026 at 3:29 p.m. IST, down 0.30 percent on NSE versus the prior close.