According to technical analyst Mathew Easow, investors can buy Adani Enterprises, with strict stop loss of Rs 761 for a short term target of Rs 854. This is a delivery based call.

The stock has touched an intraday high of Rs 812 and a low of Rs 781.

At the National Stock Exchange, the stock has touched 52-week high of Rs 884 with a low of Rs 115.

Adani Enterprises has extended its activities across the globe. The company operates through 30 offices including eight overseas offices in USA, UAE, China, Singapore, Indonesia, Mauritius and Mayanmar.

Based on the current results, the stock of Adani Enterprises is trading at a P/E of 105 and offers an earning per share of Rs 7. The stock may look overpriced in terms of P/E but the fundamentals are strong for this company. The company has robust plans for the future growth in profits.