The shares of Adani Enterprises Ltd. traded 0.71% at Rs 1,601.0 at 12:41 am (IST) on Thursday, even as the BSE benchmark Sensex lost 518.11 points to 60,741.85.

The script had closed at Rs 1,589.75 in the previous session. The stock listed a 52-week high price of Rs 1,718.45 and a 52-week low price of Rs 303.2, respectively. According to ESB data, the total volume traded over the counter until 12:41 am (IST) stood at 87,062 shares with a turnover of Rs 13.92 crore.

At the current price, the company’s shares were trading at 151.2 times its last 12-month earnings per share of Rs 10.59 per share and 6.61 times its book value, according to data from the ESB.

A higher price / earnings ratio shows that investors are prepared to pay a higher share price today due to growth expectations going forward.

Book value indicates the intrinsic value of a business and reflects the price investors are willing to pay even when the business does not grow. The stock’s beta value, which measures its volatility relative to the overall market, stood at 2.02.

Shareholder details

Promoters held 66.33% of the company’s capital as of June 30, 2021, while FIIs held 19.65% and DIIs 0.82%.

Techniques

On technical charts, the stock’s Relative Strength Index (RSI) stood at 59.06. The RSI hovers between zero and 100. Traditionally it is considered an overbought condition when the value of the RSI is above 70 and an oversold condition when it is below 30. Chartists say that the RSI should not be. considered in isolation because it may not be enough to take a trading call, just as fundamental analysts cannot give a buy or sell recommendation using a single valuation ratio.


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