Adani Ent Share Price: Adani Ent. stock price up 1.48 per cent as Sensex climbs

Shares of . rose 1.48 per cent to Rs 2487.45 at 10:25AM hours (IST) on Thursday. 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 14,618 shares with a turnover of Rs 3.61 crore till 10:25AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 364.67, while the price-to-book value ratio stood at 10.26.

Return on equity (ROE) was at 3.59 per cent, according to exchange data. The stock hit an intraday high of Rs 2489.05 and a low of Rs 2452.85 during the session and quoted a 52-week high price of Rs 2489.05 and a 52-week low of Rs 1341.0.

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 1892.33 on July 21, while the 50-DMA was at Rs 2212.77. 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 73.82. 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.