Adani Ent stock price: Adani Ent. share price up 2.79% as Sensex climbs

Shares of Adani Enterprises Ltd. rose 2.79% to reach Rs 2,351.0 as of 11:31 a.m. (IST) on Tuesday. Earlier in the day, the stock saw a gap in early trading.

According to available BSE data, the total amount traded over the counter stood at 121,564 shares with a turnover of Rs 28.29 crore as of 11:31 a.m. (IST). The stock traded at a price-to-earnings (P/E) multiple of 366.27, while the price-to-book ratio stood at 6.61.

The return on equity (ROE) was 5.37%, according to data from the exchange. The stock hit an intraday high of Rs 2352.0 and a low of Rs 2294.85 during the session and quoted a 52-week high of Rs 2352.0 and a 52-week low of Rs 1123, 4.

The stock’s beta, which measures its volatility relative to the broader market, was 2.02.

Technical indicators

The stock’s 200-DMA (daily moving average) stood at Rs 1661.72 on April 26, while the 50-DMA was at Rs 1884.92. If a stock is trading above 50-DMA and 200-DMA, it usually means that the immediate trend is up. On the other hand, if the stock is trading below 50-DMA and 200-DMA, it is considered to be in a downtrend. If it is trading between 50-DMA and 200-DMA, it suggests that the stock can go either way.

The relative strength index (RSI) of stood at 77.13. The RSI fluctuates between zero and 100. Traditionally, a stock is considered overbought when the RSI value is above 70 and oversold when it is below 30.

Promoter Holder

As of March 31, 2022, promoters held 74.92% of the company’s capital, while foreign institutional investors held 16.62% and domestic institutional investors 5.69%.

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