Adani Ent. shares rise 0.06 per cent in Thursday's trading session

Shares of Adani Enterprises Ltd. rose 0.06 per cent to Rs 2177.65 in Thursday's trade as of 11:42AM (IST) even as the benchmark Nifty ruled at 16355.25, down 1.0 points.

The scrip had closed at Rs 2176.45 in the previous session. The stock quoted a 52-week low of Rs 1201.1 and a high of Rs 2420.0. The company quoted a market-cap of Rs 248172.54 crore on the BSE.

On BSE, 16,985 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 319.58 times its trailing 12-month EPS of Rs 6.81 per share and 9.96 times its book value. The return on equity (ROE) stood at Rs 3.48.


Key Financials
For the quarter ended 31-Mar-2022, Adani Enterprises Ltd. reported consolidated sales of Rs 25141.56 crore, up 83.66 per cent from the same quarter a year ago. The company reported 30.08 per cent YoY growth in net profit at Rs 304.32 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.