Adani Ent Share Price Today on 05-11-2024: Adani Ent share price are up by 0.59%, Nifty up by 0.91%
Adani Ent Share Price Today on 05-11-2024: On the last trading day, Adani Enterprises opened at ₹2896.9 and closed at ₹2913.4. The stock reached a high of ₹2923.2 and a low of ₹2871. Overall, the stock showed an upward trend during the day.
Adani Ent Share Price Today on 05-11-2024: At 05 Nov 16:00 today, Adani Ent shares are trading at price ₹2913.4, 0.59% up from the previous closing price. Sensex is trading at ₹79476.63, up by 0.88%. The stock has hit a high of ₹2923.2 and a low of ₹2871 during the day.
On the technical front, the stock is trading above the 5,10 days SMA & lower than the 20,50,100,300 day SMA. The stock will have support at 5,10 days SMA & face resistance at 20,50,100,300 days SMA
The SMA values for the stock are given below :
| Days | Simple Moving Average |
|---|---|
| 5 | 2900.92 |
| 10 | 2862.32 |
| 20 | 2978.70 |
| 50 | 3018.79 |
| 100 | 3077.64 |
| 300 | 3103.79 |
The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹2935.0, ₹2956.5, & ₹2989.0, whereas it has key support levels at ₹2881.0, ₹2848.5, & ₹2827.0.
Adani Ent Share Price Today
Till 4 PM today, the volume traded on NSE & BSE for Adani Ent was -38.80% lower than the previous trading session. Volume traded is an important indicator along with price to study trends. Positive price movement with higher volume suggests a sustainable upmove, and negative price movement with higher volume might be an indication of further decline in prices.
Overall, as per Mint technical analysis, While the stock is displaying initial signs of bottoming out, investors are advised to await confirmation of a bullish short-term trend before considering a reversal..
From a fundamental analysis perspective, the company has a ROE of 8.98% & ROA of 2.18% respectively.The current P/E of the stock is at 60.82 & P/B is at 7.88.
The median 1-year forecasted upside in this share is at 46.05% with a target price of ₹4255.00.
The company has a 0.00% promoter holding, 4.20% MF holding, & 11.31% FII holding as per filings in the september quarter.
The MF holding has decreased from 4.22% in june to 4.20% in the september quarter.
The FII holding has decreased from 11.73% in june to 11.31% in the september quarter.
Adani Ent share price up 0.59% today to trade at ₹2913.4 while its peers are mixed. Its peers such as Coal India, Sindhu Trade Links are falling today, but its peers Stratmont Industries, Anmol India are on the rise. Overall, benchmark indices Nifty & Sensex are up 0.91% & 0.88% each respectively.
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