Stock To Buy: 3 Major Adani Stocks Turning Ex-Dividend Next Week

 

Adani Enterprises Ltd.

Adani Enterprises Limited (AEL) is the flagship company of the Adani Group, one of India's largest business organisations. AEL is a fast-growing company with a diversified business portfolio comprising integrated coal management and mining services, solar modules manufacturing as well as the edible oil business. The company is among India's most diversified large companies, engaged in a range of core sector businesses such as coal trading and mining, agri-commodities, renewable power, and city gas distribution (CGD)
 
 
Stock Outlook: On NSE, the current market price (CMP) of the stock at Rs 2,293.05/share, and it gained 2.73% last week after closing on Friday. The stock has gained 60.81% in 1-year, 1,550.86% in 3 years and 1,608% in 5 years, respectively. It has given multibagger returns on long term investments. Currently, the stock's CMP is Rs 127.9 below its 52-week high of Rs 2,420.95/share. The 52-week low of the stock is Rs 1,332.75/share. The PE ratio of the stock is 348.49, which is higher than the sector PE ratio of 186.49. It is a large-cap stock with a market capitalization of Rs 2,61,408 crore. 

 
Dividend: The company in its filing to BSE on May 03, has declared a final dividend of 100% equal to Rs 1 per share. The company maintains a good track record of dividends and declared constant dividends in the last 21 years. The declared final dividend is turning ex-dividend on July 14, 2022. The company fixes the record date for the dividend as 15 July 2022. 

Adani Ports and Special Economic Zone Ltd.

Adani Ports and Special Economic Zone Ltd (APSEZ) is the largest commercial port operator in India accounting for nearly one-fourth of the cargo movement in the country. Its presence across 13 domestic ports in seven maritime states of India including Maharashtra, Gujarat, Kerala, Goa, Andhra Pradesh, Odisha, and Tamil Nadu presents the most widespread national footprint with deepened hinterland connectivity. The port facilities are equipped with the latest cargo-handling infrastructure which is not only best-in-class but also capable of handling the largest vessels calling at Indian shores. The company's ports are equipped to handle diverse cargo, from dry cargo, liquid cargo, and crude to containers. 

Stock outlook: On NSE, Adani Port's current market price (CMP) is Rs 715.70/share after closing on Friday. Its share price moved up nearly 5.58% last week. However, it has given negative returns in the last 3 months. The 52-week low was recorded at Rs 651.95/share and the 52-week high was recorded at Rs 924.65/share, respectively. In the last 1 year, the stock has delivered a minor positive return of 0,56%, and 79.91% in 3 years, respectively. Over the last 5 years, it has given nearly 92.6% positive returns. The stock's CMP is Rs 63.75 above the 52 week low level. It has a PE ratio of 31.79, which is slightly higher than its sector PE ratio of 23.85. It is a large-cap port & port services sector company with a market capitalization of Rs 1,51,182 crore.

 
Dividend: According to the company's filing to BSE & NSE on May 24, 2022, the company declared a final dividend of 250% amounting to Rs 5 per share for the ending march 2022. The company has a good dividend track record and regularly declared dividends in the last 14 years. Since 2008, the company has declared 19 dividends, out of which 7 were Interim dividends and the rest 12 were Final Dividends including the recent one. 

Adani Total Gas

Adani Total Gas is a joint venture between the Adani Group and Total Energies of France. The venture is one of India's pioneers in environment-friendly piped natural gas (PNG) and compressed natural gas (CNG). Adani Total Gas is developing City Gas Distribution (CGD) networks to supply Piped Natural Gas (PNG) to the Industrial, Commercial, Domestic (residential) and CNG to the transport sector. The company has already set up city gas distribution networks in Ahmedabad and Vadodara in Gujarat, Faridabad in Haryana and Khurja in Uttar Pradesh.

Stock Outlook: The current market price (CMP) of the stock is Rs 2,540.80/share. Last week it gained nearly 6.35%. On NSE, the stock's 52-week low is 774.95/share and the 52-week high is Rs 2,740/share, respectively. The CMP of the stock is Rs 100.20 below its 52-week high. 

Over the last 1 year, the stock has gained nearly 175.59% and in the past 5 years, it has given a multibagger return of 1,454.48%. The PE of the stock is 548.77 which is way higher than its sector PE of 24.93. Adani Total Gas Ltd is a large-cap stock with a market capitalization of Rs 270,439 crore. 

Dividend: Adani total Gas Ltd has declared an equity final dividend of 25% at its Board meeting held on May 04, 2022. The declared dividend is turning ex-dividend next week on July 14 and the record date of the dividend is June 15, 2022. It has declared 4 dividends since July 16, 2019. Out of declared 4 dividends, 3 are Final & 1 is Interim dividend.