Adani Ent Share Price: Adani Ent. shares gain 0.58% as Sensex rises

Shares of Adani Enterprises Ltd. traded 0.58 per cent higher in Monday’s session at 11:06AM (IST). The stock opened at Rs 1715.0 and has touched an intraday high and low of Rs 1727.9 and Rs 1692.6, respectively, during the session so far.

The stock quoted a 52-week high of Rs 1727.9 and a 52-week low of 358.95. About 51,377 shares changed hands on the counter so far.

Benchmark Nifty50 was up 40.9 points at 18143.65, while the BSE Sensex traded 151.54 points higher at 60838.23 at the time of writing of this report.

In the Nifty pack, 29 stocks traded the day in the green, while 21 were in the red.

Key Financials

For the quarter ended 30-Sep-2021, the company reported consolidated sales of Rs 13597.1 crore, up 6.81 per cent from the previous quarter’s Rs 12730.63 crore and up 46.01 per cent from the year-ago quarter. The company reported net profit of Rs 212.41 crore for the latest quarter.


Promoter Holdings

Promoters held 74.92 per cent stake in the company as of 30-Sep-2021, while FIIs held 18.05 per cent and MFs 1.64 per cent.

Technicals

On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 1282.92 on November 15, while the 50-DMA was at Rs 1534.29. 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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