Adani Energy Solutions Ltd drops for fifth straight session

Adani Energy Solutions Ltd fell for a fifth straight session today. The stock is quoting at Rs 815.8, down 0.17% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.56% on the day, quoting at 24697.3. The Sensex is at 80986.38, down 0.59%.Adani Energy Solutions Ltd has eased around 7.48% in last one month.Meanwhile, Nifty Energy index of which Adani Energy Solutions Ltd is a constituent, has eased around 4.13% in last one month and is currently quoting at 35250.5, down 0.55% on the day. The volume in the stock stood at 4.95 lakh shares today, compared to the daily average of 18.44 lakh shares in last one month.

The benchmark July futures contract for the stock is quoting at Rs 821, up 0.57% on the day. Adani Energy Solutions Ltd tumbled 22.45% in last one year as compared to a 0.56% slide in NIFTY and a 19.3% fall in the Nifty Energy index.

The PE of the stock is 140.7 based on TTM earnings ending June 25.

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