Adani Energy Solutions Hits 52-Week Low, Underperforming Sector and Sensex

Adani Energy Solutions, a largecap company in the power generation and distribution industry, has recently hit a 52-week low on November 25, 2024. The stock has been underperforming the sector by -4.49% and has been on a consecutive fall for the last three days, with a significant -28.1% decline in returns during this period.

On the day of the 52-week low, the stock opened with a gain of 3.79% but quickly fell to an intraday low of Rs 623.3, a decrease of -4.02%. The stock also saw high volatility, with an intraday volatility of 5.74% calculated from the weighted average price.

Adani Energy Solutions is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend in its stock price.

In comparison to the Sensex performance of 21.25%, Adani Energy Solutions has shown a negative 1-year performance of -13.95%. This recent dip in the stock price may be a cause for concern for investors, as the company continues to struggle in the market.

MarketsMOJO has given a 'Sell' call for Adani Energy Solutions, further adding to the caution for potential investors. However, it is important to note that this is not a recommendation, as the article aims to provide neutral and informative information based on facts. As always, it is advisable for investors to conduct their own research and analysis before making any investment decisions.