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Adani Enterprises Ltd (ADEL.BO)
Research Tactical Idea
We believe the share price will rise relative to the country index over the next 30 days.
The Environment minister has granted a Stage I clearance for Parsa Kante block - a 15 MTPA coal block being developed
by Adani Enterprises on a Mine development Operator (MDO) model. Given the delay in obtaining environment clearance
in the last 12-18 months, we believe that the market was unwilling to give any value to Adani's coal mining business. With
this Stage I clearance we expect the market to start valuing the mining business.
We estimate that there is about an 80%+ or "highly likely" probability for the scenario.
Estimated probabilities are illustrative and assigned subjectively based on our assessment of the likelihood of the
scenario.
Stock Rating: Overweight
Industry View: Attractive
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Adani Enterprises Ltd (ADEL.BO)
Research Tactical Idea
We believe the share price will rise relative to the country index over the next 30 days.
The Environment minister has granted a Stage I clearance for Parsa Kante block - a 15 MTPA coal block being developed
by Adani Enterprises on a Mine development Operator (MDO) model. Given the delay in obtaining environment clearance
in the last 12-18 months, we believe that the market was unwilling to give any value to Adani's coal mining business. With
this Stage I clearance we expect the market to start valuing the mining business.
We estimate that there is about an 80%+ or "highly likely" probability for the scenario.
Estimated probabilities are illustrative and assigned subjectively based on our assessment of the likelihood of the
scenario.
Stock Rating: Overweight
Industry View: Attractive
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