Adani Enterprises is scheduled to release its Q2 results on October 29. Analysts predict a 17% year-on-year increase in revenue to Rs 26,345 crore.

The company's EBITDA is expected to rise significantly to around Rs 4,900 crore, up from Rs 2,979 crore in the same quarter last year. Adani Enterprises recently raised Rs 4,200 crore from institutional investors through a Qualified Institutional Placement (QIP), with Quant Mutual Fund being the largest investor.

Cantor Fitzgerald initiated coverage on the company earlier this year, giving it an "overweight" rating and setting a price target of Rs 4,368. In Q1, Adani Enterprises reported a net profit of Rs 1,455 crore, more than doubling from Rs 674 crore in the previous fiscal's first quarter. Revenue from operations also increased by 12.5% year-on-year to Rs 25,472 crore.