Adani Enterprises Dips Over 3% as Citi Downgrades to 'Neutral' from 'Buy'

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Shares of Adani Enterprises fell over 3 per cent in early trade on Bombay Stock Exchange (BSE) Global investment bank Citi said that it downgraded Adani Enterprises to 'neutral' from 'buy'.

It said that a 'majority' of value unlocking on demerger has already been priced in.

Adani Enterprises Dips Over 3% as Citi Downgrades to 'Neutral' from 'Buy'

The shares of company fell 3.50 per cent to trade at Rs 663.75 a piece on the BSE.

In a similar fashion, shares of the company fell 3.29 per cent to Rs 662.70 a piece on National Stock Exchange.

Meanwhile, the broader benchmark Sensex was quoting at 28,996.75, up 3.39 points or 0.01 per cent at 11.15 hours.

Read more about: adani enterprises
Story first published: Wednesday, February 4, 2015, 12:40 [IST]
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