Shares of . rose 0.29 per cent to Rs 3652.0 in Thursday’s trade as of 10:35AM (IST) even as the benchmark Nifty ruled at 17611.35, down 107.0 points.

The scrip had closed at Rs 3641.45 in the previous session. The stock quoted a 52-week low of Rs 1344.6 and a high of Rs 3883.7. The company quoted a market-cap of Rs 417548.21 crore on the BSE,

On BSE, 83,203 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 428.45 times its trailing 12-month EPS of Rs 8.55 per share and 10.26 times its book value. The return on equity (ROE) stood at Rs 3.59.

Key Financials

For the quarter ended 30-Jun-2022, Adani Enterprises Ltd. reported consolidated sales of Rs 41066.43 crore, up 222.58 per cent from the same quarter a year ago. The company reported 72.94 per cent YoY growth in net profit at Rs 469.46 crore for the latest quarter.

technical indicators

The relative strength index (RSI) of the stock stood at Thursday. 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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By Dipak

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