adani ent share price: Adani Ent. shares gain 1.07% as Sensex falls

Shares of Adani Enterprises Ltd. traded 1.07 per cent higher in Friday’s session at 11:12AM (IST). The stock opened at Rs 1417.0 and has touched an intraday high and low of Rs 1453.0 and Rs 1417.0, respectively, during the session so far.

The stock quoted a 52-week high of Rs 1718.45 and a 52-week low of 177.45. About 81,364 shares changed hands on the counter so far.

Benchmark Nifty50 was down 24.55 points at 16270.05, while the BSE Sensex traded 110.2 points lower at 54382.64 at the time of writing of this report.

In the Nifty pack, 28 stocks traded the day in the green, while 22 were in the red.

Key Financials

For the quarter ended 30-Jun-2021, the company reported consolidated sales of Rs 12730.63 crore, down 7.0 per cent from the previous quarter’s Rs 13688.95 crore and down 131.38 per cent from the year-ago quarter. The company reported net profit of Rs 271.46 crore for the latest quarter.


Promoter Holdings

Promoters held 74.92 per cent stake in the company as of 30-Jun-2021, while FIIs held 19.65 per cent and MFs 0.82 per cent.

Technicals

On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 916.76 on August 06, while the 50-DMA was at Rs 1465.45. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.

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