Adani Ent. shares up 1.51% as Sensex rises

Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 2622.0 and a 52-week low of Rs 1344.6 on NSE. Around 24365 shares changed hands on the counter till 10:35AM (IST).

The stock opened at Rs 2565.0 and has touched an intraday high and low of Rs 2622.0 and Rs 2565.0 during the session so far. The counter quoted a price-to-earnings (PE) ratio of 381.95, earnings per share (EPS) of Rs 6.81 and price to book value (PB) of 10.26, while the return on equity (ROE) stood at Rs 3.59.

Promoter/ FII Holding
The promoters held 74.92 per cent stake in the company as of July 29, while FII and MF ownerships stood at 16.62 per cent and 2.0 per cent, respectively.

Key Financials

With a market capitalisation of Rs 296605.49 crore, the company operates in the Diversified industry. For the quarter ended 31-Mar-2022, the company reported consolidated sales of Rs 25141.56 crore, up 32.58 per cent from the previous quarter?s Rs 18963.4 crore and up 83.66 per cent from the same quarter a year ago. The company reported net profit of Rs 304.32 crore for the latest quarter, up 30.08 per cent from the corresponding quarter last year.

Technical Indicators
The relative strength index (RSI) of the stock stands at 78.33. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition 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.