Adani Ent. shares rise 0.21 per cent in Tuesday's trading session

Adani Ent. shares rise 0.21 per cent in Tuesday's trading session
ETMarkets.com
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Synopsis

The Relative Strength Index of the stock stood at 51.33 on Tuesday.

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Nifty moved in a tight range of 82 points, and ended slightly below the psychologically crucial level of 15,700.
Shares of . rose 0.21 per cent to Rs 2173.55 in Tuesday's trade as of 12:17PM (IST) even as the benchmark Nifty ruled at 16208.70, down 6.0 points.

The scrip had closed at Rs 2168.95 in the previous session. The stock quoted a 52-week low of Rs 1201.1 and a high of Rs 2420.0. The company quoted a market-cap of Rs 247539.84 crore on the BSE.

On BSE, 17,519 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 318.76 times its trailing 12-month EPS of Rs 6.81 per share and 9.96 times its book value. The return on equity (ROE) stood at Rs 3.48.

Key Financials
For the quarter ended 31-Mar-2022, Adani Enterprises Ltd. reported consolidated sales of Rs 25141.56 crore, up 83.66 per cent from the same quarter a year ago. The company reported 30.08 per cent YoY growth in net profit at Rs 304.32 crore for the latest quarter.

Technical indicators
The relative strength index (RSI) of the stock stood at Tuesday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.

Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.
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