Shares of Adani Enterprises flagship company surged by 2.38% today, reaching a new high of Rs 3344.10 on Monday, up from the previous close of Rs 3266.15 on the BSE. In an otherwise weak market, four Adani Group firms—Adani Enterprises Ltd, Adani Green Energy, Adani Ports and Special Economic Zone, and Ambuja Cements—achieved fresh 52-week highs. Adani Enterprises, the leading firm, saw a 2.38% increase to Rs 3344.10, opening higher at Rs 3273. The market cap for Adani Enterprises rose to Rs 3.80 lakh crore, with a turnover of Rs 17.49 crore and 0.53 lakh shares changing hands on the BSE.
From a technical standpoint, Adani Enterprises exhibited an RSI of 65.6, indicating it is neither overbought nor oversold. The stock traded higher than various moving averages, including the 10-day, 20-day, 50-day, 100-day, 150-day, and 200-day averages. Year-to-date, the stock has risen by 14.41%, and over the past year, it has gained an impressive 153%.
Adani Enterprises Market Cap
Similarly, Adani Ports saw a 1.73% increase to Rs 1343 on Monday, up from the previous close of Rs 1320.10 on the BSE. Despite falling to a 52-week low of Rs 543.50 on February 24, 2023, the market cap for Adani Ports rose to Rs 2.88 lakh crore. With a turnover of Rs 14.61 crore and 1.10 lakh shares changing hands, the stock exhibited low volatility with a one-year beta of 0.5. Adani Ports shares have gained 139.08% in the past year and are trading above various moving averages.
Adani Green Energy experienced a 4% increase to Rs 1998.95, compared to the previous close of Rs 1923.50 on the BSE. The market cap for Adani Green Energy rose to Rs 3.14 lakh crore, with a turnover of Rs 41.72 crore and 2.12 lakh shares changing hands. The stock opened higher at Rs 1925.25 and has gained 308% over the past year, rising by 24.38% since the beginning of the current year. Adani Green shares are trading above multiple moving averages.
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Ambuja Cements reached its 52-week high of Rs 615.20 on the BSE, with a turnover of Rs 6.28 crore and 1.03 lakh shares changing hands. The market cap for Ambuja Cements rose to Rs 1.21 lakh crore on the BSE. With an RSI of 71.5, indicating oversold conditions, the stock is trading above the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Ambuja Cements has a one-year beta of 0.6, suggesting average volatility.
Adani Energy Solutions, another Adani Group firm, witnessed significant gains, climbing 9.98% to Rs 1343 on Monday from the previous close of Rs 1320.10 on the BSE. It emerged as one of the top gainers on the BSE, with a market cap of Rs 1.30 lakh crore. The stock exhibited strength amid market correction, opening higher at Rs 1925.25. Adani Energy Solutions shares have gained 308% over the past year, with a 24.38% increase since the beginning of the current year. The stock reached a 52-week low of Rs 439.35 on February 28, 2023. Adani Energy shares are trading above various moving averages.