adani ent share price: Shares of Adani Ent. rise as Nifty drops

Shares of Adani Enterprises Ltd. gained 0.67 per cent to Rs 1404.0 in Monday’s trade as of 11:57AM (IST). It hit a high of Rs 1412.0 and low of Rs 1366.7 during the session.

The stock quoted a 52-week high price of Rs 1718.45 and a low of Rs 149.8. The return on equity for the stock stood at 5.37 per cent. About 196,276 shares have changed hands on the counter so far.

The stock’s beta value, which measures its volatility in relation to the broader market, stood at 2.02.

The scrip has been an outperformer, up 826.12 per cent in the past one year in comparison with a 42.48 per cent gain in Sensex.

Technicals

On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 149.8 on July 19, while the 50-DMA was at Rs 1435.56. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Promoter/FII Holding

Promoters held 66.33 per cent stake in Adani Enterprises Ltd. as of 31-Mar-2021. Mutual funds and foreign institutional investors held 0.73 per cent and 20.51 per cent stake.