Adani Ent. declines 3.16% as Sensex slides

Adani Ent. declines 3.16% as Sensex slides
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Synopsis

The stock traded at a P/E multiple of 184.27, while the price-to-book value ratio stood at 6.61.

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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. traded at Rs 1707.25 on BSE at 01:19PM (IST) on Monday, down 3.16 per cent from previous close.

The scrip quoted a 52-week low price of Rs 645.5 and a high of Rs 1908.55.

Earlier, shares of the company saw a gap down opening in the morning.

A total of 84,432 lakh shares changed hands on the counter till 01:19PM (IST).

The stock of Adani Enterprises Ltd. commanded a market value of Rs 186967.71 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 184.27, 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.

In the BSE500 pack, 48 stocks traded in the green, while 452 stocks were in the red.

The stock's beta value, which measures volatility in relation to the broader market, stood at 2.02.

Promotor/FII Holding
Promoters held 66.33 per cent in Adani Enterprises Ltd. as of 31-Dec-2021 while foreign portfolio investors and domestic institutional investors owned 17.25 per cent and 1.81 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 1548.5 on February 14, while the 50-DMA was at 1737.61. If a stock trades below 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 as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

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