Adani Ent. share price up 1.12 per cent

Adani Ent. share price up 1.12 per cent
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Synopsis

A total of 39,173 shares changed hands on the counter till 11:21AM (IST).

Reuters
Nifty continues to climb a wall of worry as it looks to be in the final leg of its rally before heading for a correction.
Shares of Adani Enterprises Ltd. traded 1.12 per cent up at Rs 2122.05 at around 11:21AM (IST) on Friday. The stock had closed at Rs 2098.6 in the previous session. Equity benchmark Sensex traded 93.87 points lower at 58941.08 around the same time.


The scrip has climbed 82.29 per cent in the last one year till date, while the 30-share index has gained 19.87 per cent during the same period.

The stock's 52-week high price stood at Rs 2215.0 and the 52-week low price at Rs 1051.4.

Trading volume on the counter stood at 39,173 shares, while it quoted a price-to-earnings ratio of 330.13, an EPS value of 6.42 and a price-to-book value of 6.61. In the Nifty50 pack, 27 stocks traded in the green, while 23 stocks were in the red.

Promoter/FII Holding
Promoters held 74.92 per cent stake in the company as of 31-Dec-2021, while foreign institutional investors and MF ownership stood at 17.25 per cent and 1.81 per cent, respectively.

Key Financials
For the quarter ended 31-Dec-2021, the company reported consolidated sales of Rs 18963.4 crore, up 39.47 per cent from the previous quarter's Rs 13597.1 crore and up 60.87 per cent from the year-ago quarter's Rs 11787.82 crore. The company reported net loss of Rs 11.63 crore for the latest quarter.

Technical Indicators
The MACD signalled a bullish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect "buy" or "sell" opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.

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