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Adani Enterprises Ltd gained as much as 5.6 per cent to its highest level since March 2011.
The stock has gained over 27 per cent since January 22.
Adani has hived off power, ports businesses to boost growth.
Demerger will unlock value in unlisted business and eliminate holding company discount, according to analysts.
Each business of Adani is currently valued separately by analysts for which it gets a holding company discount
CLSA starts Adani Enterprises as "buy" with a target of Rs 750.
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