Home / Markets / Stock Markets /  Adani Enterprises top Nifty loser

MUMBAI: Adani Enterprises, which became part of the Nifty 50 on September 30, was the top index loser intraday Monday, down 5.5% at 3,266.15.

The stock replaced Shree Cements, becoming the second Adani Group company after Adani Ports & SEZ, on the bellwether index.

Around 6.17 lakh shares changed hands out of a traded quantity of 20.63 lakh shares. The stock commands a PE multiple of 360 based on Monday’s intraday price and is expected to result in a change of Nifty PE as passive funds queue up to buy it.

The stock has risen by 139% from its 52-week low of 1,367.7 on October 28, 2021, through intraday Monday .

 

 

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