Adani Enterprises Ltd drops for fifth straight session

Adani Enterprises Ltd fell for a fifth straight session today. The stock is quoting at Rs 2507.6, down 0.08% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.12% on the day, quoting at 24664.4. The Sensex is at 80439.96, up 0.09%.Adani Enterprises Ltd has gained around 9.78% in last one month.Meanwhile, Nifty Metal index of which Adani Enterprises Ltd is a constituent, has increased around 7.97% in last one month and is currently quoting at 9923.1, up 1.25% on the day. The volume in the stock stood at 4.15 lakh shares today, compared to the daily average of 16.32 lakh shares in last one month.

The benchmark September futures contract for the stock is quoting at Rs 2506, down 0.4% on the day. Adani Enterprises Ltd tumbled 21.3% in last one year as compared to a 4.39% slide in NIFTY and a 1.72% fall in the Nifty Metal index.

The PE of the stock is 127.16 based on TTM earnings ending June 25.

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