Adani Ent Share Price: Adani Ent. stock price down 0.72 per cent as Sensex slides

Shares of Adani Enterprises Ltd. fell 0.72 per cent to Rs 1533.35 at 12:55PM hours (IST) on Monday. Earlier in the day, the stock saw a gap up start to the session.

As per data available on BSE, total traded quantity on the counter stood at 44,948 shares with a turnover of Rs 6.92 crore till 12:55PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 144.16, while the price-to-book value ratio stood at 6.61.

Return on equity (ROE) was at 5.37 per cent, according to exchange data. The stock hit an intraday high of Rs 1557.75 and a low of Rs 1525.45 during the session and quoted a 52-week high price of Rs 1718.45 and a 52-week low of Rs 257.45.

The stock’s beta value, which measures its volatility in relation to the broader market, stood at 2.02.

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 1055.2 on September 13, while the 50-DMA was at Rs 1455.92. 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 below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 55.47. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 30-Jun-2021, promoters held 74.92 per cent stake in the company, while foreign institutional investors held 19.65 per cent and domestic institutional investors had 2.15 per cent.

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