The share of Adani Enterprises Ltd (AEL), the flagship company of the Adani Group, jumped nearly 5 per cent in the morning trade on Monday.

At around 11:06 am, the share price of Adani Enterprises rose 4.97 per cent to Rs 2,529 per share on the BSE.

The stock's 52-weeks high price was Rs 3,743 per share and lowest price was Rs 2,030 per share.

The current market price of Adani Enterprises has crossed its two resistances. The current market price first crossed the resistance of 2,444.93, after which it was successful in crossing the resistance of 2,473.37.

Meanwhile, Adani Ports maintained its place in the top gainers of the Sensex. At around 10 am, the stock of Adani Ports was trading at Rs 1,239.75, up 0.74 per cent.

The share of Ola Electric fell around 3 per cent on Monday after some fresh high-level exits at the company, including its Chief Marketing Officer Anshul Khandelwal and Suvonil Chatterjee, Chief Technology and Product Officer.

On Monday, the share was trading less than Rs 86 apiece, after falling nearly 3 per cent.

Khandelwal and Chatterjee stepped down from their roles at the company, effective December 27, citing personal reasons.

Both executives initially joined Ola's ride-hailing business before transitioning to Ola Electric Mobility.

Several top executives of the company have tendered their resignations this year as the company faces mounting pressure.

N Balachandar, Group Chief People Officer, left the EV company in November after overseeing HR for Ola Electric, Ola Cabs, and Krutrim AI.

Leading brokerage Ventura Securities Ltd has set a bullish target of Rs 3,801 for Adani Enterprises Ltd's (AEL) stock, which is a potential upside of 57.8 per cent over the next 24 months.

The share of Adani Group's flagship company is currently trading at Rs 2,409 apiece.

In a bull case scenario, the target price rises to Rs 5,748, which would mark an upside of 138.6 per cent, the brokerage said in its note.

“We have assumed revenue of Rs 1,66,615 crore (FY24-27E CAGR of 20 per cent) and an EBITDA margin of 20 per cent at an EV/EBITDA of 23.4X, which will result in a bull case price target of Rs 5,748," said the brokerage.

Adani Enterprises is on a strong growth trajectory, as per the note by Ventura. Over fiscal years 2024 to 2027, its consolidated revenue is expected to grow at a compounded annual growth rate of 17.5 per cent to Rs 1.56 lakh crore.

"EBITDA and net margins are projected to expand by 647 basis points to 18.3 per cent and 255 bps to 5.9 per cent, respectively," it said, adding that "return ratios – RoE and RoIC – are expected to improve by 563 bps to 14.5 per cent and 99 bps to 11.3 per cent, respectively".

Australia are set to add uncapped fast-bowling all-rounder Beau Webster into their squad for the second Border-Gavaskar Trophy Test, to be played with the pink ball in Adelaide, starting on December 6.

A report by News Corp on Wednesday said Webster has been picked up as an injury cover for fellow all-rounder Mitchell Marsh, who has pulled up “sore” following the series opener, where Australia suffered a 295-run loss to India inside four days at Perth Stadium.

Though there’s a ten-day gap between first and second Tests, if Marsh fails to recover in time for the Adelaide game, after bowling more than ten overs in Perth, then Webster has a chance to become Australia’s 468th men’s Test cricketer.