Adani Ent. share price up 2.3 per cent

Shares of Adani Enterprises Ltd. traded 2.3 per cent up at Rs 1601.55 at around 10:46AM (IST) on Monday. The stock had closed at Rs 1565.5 in the previous session. Equity benchmark Sensex traded 182.52 points higher at 58312.47 around the same time.

The scrip has climbed 456.68 per cent in the last one year till date, while the 30-share index has gained 49.91 per cent during the same period.

The stock’s 52-week high price stood at Rs 1718.45 and the 52-week low price at Rs 257.45.

Trading volume on the counter stood at 36,135 shares, while it quoted a price-to-earnings ratio of 149.91, an EPS value of 10.59 and a price-to-book value of 6.61. In the Nifty50 pack, 26 stocks traded in the green, while 24 stocks were in the red.

Promoter/FII Holding
Promoters held 74.92 per cent stake in the company as of 30-Jun-2021, while FII and mutual funds’ ownership stood at 19.65 per cent and 0.82 per cent, respectively.

Key Financials
For the quarter ended 30-Jun-2021, the company reported consolidated sales of Rs 12730.63 crore, down 7.0 per cent from the previous quarter’s Rs 13688.95 crore and down 131.38 per cent from the year-ago quarter’s Rs 5502.02 crore. The company reported net profit of Rs 271.46 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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