Adani Enterprises Ltd spurts 0.5%, up for fifth straight session

Adani Enterprises Ltd gained for a fifth straight session today. The stock is quoting at Rs 3125.4, up 0.5% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.21% on the day, quoting at 24283.9. The Sensex is at 77674.38, up 0.02%. Adani Enterprises Ltd has gained around 2.92% in last one month.

Meanwhile, Nifty Metal index of which Adani Enterprises Ltd is a constituent, has gained around 7.47% in last one month and is currently quoting at 13372.3, up 0.27% on the day. The volume in the stock stood at 14.09 lakh shares today, compared to the daily average of 10.46 lakh shares in last one month.

The benchmark September futures contract for the stock is quoting at Rs 3142.1, up 0.72% on the day. Adani Enterprises Ltd is up 41.69% in last one year as compared to a 0.89% slide in NIFTY and a 45.57% slide in the Nifty Metal index.

The PE of the stock is 126.38 based on TTM earnings ending June 26.