Equity Analysis

Adani Enterprises Ltd rose for a fifth straight session today. The stock is quoting at Rs 3193, up 2.27% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 1.31% on the day, quoting at 22414.25. The Sensex is at 73914.88, up 1.26%. Adani Enterprises Ltd has dropped around 2.81% in last one month.

Meanwhile, Nifty Metal index of which Adani Enterprises Ltd is a constituent, has dropped around 4.12% in last one month and is currently quoting at 8154.95, up 1.14% on the day. The volume in the stock stood at 9.94 lakh shares today, compared to the daily average of 14.95 lakh shares in last one month.

The benchmark March futures contract for the stock is quoting at Rs 3185.65, up 2.11% on the day. Adani Enterprises Ltd is up 83.46% in last one year as compared to a 31.23% gain in NIFTY and a 51.06% gain in the Nifty Metal index.

The PE of the stock is 139.01 based on TTM earnings ending December 23.