Share price of Adani Ent. rises as Nifty strengthens

Share price of Adani Ent. rises as Nifty strengthens
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Synopsis

A total of 13,611 shares changed hands on the counter till 11:31AM (IST).

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Nagaraj Shetti, Technical Research Analyst at HDFC Securities, believes Monday's pattern could be considered as a High Wave, which reflects high volatility in the market at swing highs.
Shares of Adani Enterprises Ltd. gained 1.11 per cent to Rs 1727.6 in Monday's trade as of 11:31AM (IST).

The stock hit a high price of Rs 1733.1 and low of Rs 1710.0 during the session.

The return on equity (ROE) for the stock stood at 5.37 per cent. Traded volume on the counter stood at 11:31AM shares and turnover at Rs 2.34 crore around that time.

The stock of Adani Enterprises Ltd. quoted a 52-week high and 52-week low prices of Rs 1788.0 and Rs 478.4, respectively.

The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 2.02.

Promotor/FII Holding
Promoters held 74.92 per cent stake in the company as of 30-Sep-2021, while overseas investors held 18.05 per cent and domestic institutional investors had 3.87 per cent.

Key Financials
The company reported consolidated sales of Rs 13597.1 crore for the quarter ended 30-Sep-2021, up 6.81 per cent from previous quarter's Rs 12730.63 crore and up 46.01 per cent from the year-ago quarter's Rs 9312.14 crore.

Net profit after tax for the latest quarter stood at Rs 212.41 crore, down 41.38 per cent from the same quarter a year ago.

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