In last one month, the stock has rallied almost 35% as compared to a 2.35% fall in BSE Sensex.
On the technical front, the stocks RSI (relative strength index) stood at 82.995. The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30.
The stock is trading above its 50 and 100 days simple moving average placed at 806.45 and 630.49 respectively. These levels will act as crucial support zones in near term.
Adani Enterprises consolidated net profit skid 11.1% to Rs 286.60 crore on 6.1% rise in net sales to Rs 11,620.45 crore in Q3 FY21 over Q3 FY20.
Adani Enterprises is the flagship company of Adani Group, one of Indias largest business conglomerates.
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