Hi Raghu_RDY, I am Paulo, an Independent Advisor willing to help.
Based on the icons of your PDF, it looks like you still have an older version of the reader app installed. Try to uninstall the app first then install the latest Adobe Acrobat Reader through this link. Just uncheck the optional offers
https://get.adobe.com/reader/
Once done, try to enable preview handlers
https://helpx.adobe.com/acrobat/using/enable-pd...
(Disclaimer: This is a non-Microsoft website. The page appears to be providing accurate, safe information. Watch out for ads on the site that may advertise products frequently classified as a PUP (Potentially Unwanted Products). Thoroughly research any product advertised on the site before you decide to download and install it.)
Let me know if this helps.