Shares of Adani Enterprises Ltd. rose 2.75 per cent to Rs 1749.2 at 11:11AM hours (IST) on Wednesday. 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 24,787 shares with a turnover of Rs 4.3 crore till 11:11AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 271.99, 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 1749.25 and a low of Rs 1718.1 during the session and quoted a 52-week high price of Rs 1908.55 and a 52-week low of Rs 811.4.
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 1589.71 on March 16, while the 50-DMA was at Rs 1729.46. 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 55.93. 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 31-Dec-2021, promoters held 74.92 per cent stake in the company, while overseas investors held 17.25 per cent and domestic institutional investors had 4.97 per cent.
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