Adani Ent. stock price up 0.34 per cent as Sensex slides

Shares of Adani Enterprises Ltd. rose 0.34 per cent to Rs 2294.35 at 10:50AM hours (IST) on Friday. 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 84,426 shares with a turnover of Rs 19.31 crore till 10:50AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 357.11, 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 2303.45 and a low of Rs 2274.0 during the session and quoted a 52-week high price of Rs 2303.45 and a 52-week low of Rs 1123.4.

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 1652.7 on April 22, while the 50-DMA was at Rs 1862.48. 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 75.32. 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-Mar-2022, promoters held 74.92 per cent stake in the company, while overseas investors held 16.62 per cent and domestic institutional investors had 5.69 per cent.