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Adani Enterprises Ltd slips for fifth straight session
22-Oct-24   13:35 Hrs IST

Adani Enterprises Ltd dropped for a fifth straight session today. The stock is quoting at Rs 2825, down 3.83% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.81% on the day, quoting at 24580.55. The Sensex is at 80602.32, down 0.68%.Adani Enterprises Ltd has lost around 7.19% in last one month.Meanwhile, Nifty Metal index of which Adani Enterprises Ltd is a constituent, has eased around 0.82% in last one month and is currently quoting at 9606.8, down 2.39% on the day. The volume in the stock stood at 7.19 lakh shares today, compared to the daily average of 13.08 lakh shares in last one month.

The benchmark October futures contract for the stock is quoting at Rs 2838.9, down 3.38% on the day. Adani Enterprises Ltd jumped 22.37% in last one year as compared to a 27.48% rally in NIFTY and a 44.4% spurt in the Nifty Metal index.

The PE of the stock is 118.5 based on TTM earnings ending June 24.

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