Adani Ent Share Price: Adani Ent. shares drop 0.05% as Sensex rises

Shares of Adani Enterprises Ltd. traded 0.05 per cent lower in Wednesday’s session at 11:59AM (IST). The stock opened at Rs 1444.0 and has touched an intraday high and low of Rs 1462.15 and Rs 1431.6, respectively, during the session so far.

The stock quoted a 52-week high of Rs 1718.45 and a 52-week low of 257.45. About 36,694 shares changed hands on the counter so far.

Benchmark Nifty50 was up 9.35 points at 17571.35, while the BSE Sensex traded 18.42 points higher at 59023.69 at the time of writing of this report.

In the Nifty pack, 29 stocks traded the day in the green, while 20 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 1092.66 on September 22, while the 50-DMA was at Rs 1462.27. 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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