HomeGeneralAdani Ent. stock price up 2.75 per cent as Sensex climbs

Adani Ent. stock price up 2.75 per cent as Sensex climbs

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.

(What’s moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

Read More

  • Tags
  • Adani
  • Stock

LEAVE A REPLY

Please enter your comment!
Please enter your name here