The return on equity (ROE) for the stock stood at 5.37 per cent. Traded volume on the counter stood at 11:33AM shares and turnover at Rs 6.93 crore around that time. The stock of Adani Enterprises Ltd. quoted a 52-week high price of Rs 1718.45 and 52-week low prices of Rs 303.2, respectively.
The stock’s Beta value, which measures its volatility in relation to the broader market, stood at 2.02.
Promotor/FII Holding
Promoters held 66.33 per cent stake in the company as of 30-Jun-2021, while FIIs held 19.65 per cent and domestic institutional investors had 0.82 per cent.
Key Financials
The company reported consolidated sales of Rs 12730.63 crore for the quarter ended 30-Jun-2021, down 7.0 per cent from previous quarter’s Rs 13688.95 crore and down 131.38 per cent from the year-ago quarter’s Rs 5502.02 crore. Net profit after tax for the latest quarter stood at Rs 271.46 crore, up 811.25 per cent from the same quarter a year ago.
Technicals
The MACD signalled a bullish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices.
It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on topof the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.
