Adani Enterprises Ltd down for fifth straight session

Adani Enterprises Ltd is down for a fifth straight session today. The stock is quoting at Rs 2276.8, down 1.13% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.69% on the day, quoting at 24795.05. The Sensex is at 81031.75, down 0.74%.Adani Enterprises Ltd has lost around 9.73% in last one month.Meanwhile, Nifty Metal index of which Adani Enterprises Ltd is a constituent, has increased around 0.11% in last one month and is currently quoting at 9436.75, down 1.17% on the day. The volume in the stock stood at 5.72 lakh shares today, compared to the daily average of 9.55 lakh shares in last one month.

The benchmark August futures contract for the stock is quoting at Rs 2270.8, down 1.34% on the day. Adani Enterprises Ltd tumbled 25.77% in last one year as compared to a 0.89% slide in NIFTY and a 1.12% fall in the Nifty Metal index.

The PE of the stock is 116.67 based on TTM earnings ending June 25.

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