Intraday Performance and Price Movement
On 23 Jan 2026, Adani Enterprises Ltd, a key player in the diversified sector, recorded a day’s low at Rs 2,022.8, marking a 3.1% decrease from its previous close. The stock closed the day down by 3.05%, underperforming its sector by approximately 3.5%. This decline places the share price just 3.01% above its 52-week low of Rs 1,964.07, signalling sustained downward momentum.
The stock’s performance today was notably weaker than the broader market, with the Sensex falling 0.33% to 82,037.65 points after a flat opening. Adani Enterprises’ one-day loss of 3.63% starkly contrasts with the Sensex’s 0.35% decline, highlighting the stock’s relative weakness.
Technical Indicators and Moving Averages
From a technical standpoint, Adani Enterprises is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This persistent positioning below critical technical levels suggests a bearish trend and limited short-term support. The stock’s inability to sustain levels above these averages adds to the selling pressure observed during the session.
Meanwhile, the Sensex itself is trading below its 50-day moving average, although the 50DMA remains above the 200DMA, indicating a mixed technical backdrop for the broader market.
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Market Sentiment and Sector Context
The broader market environment has been challenging, with the Sensex declining after a flat start and the NIFTY REALTY index hitting a new 52-week low today. This negative sentiment has weighed on diversified sector stocks, including Adani Enterprises. The stock’s underperformance relative to the Sensex over multiple time frames further underscores the pressure it faces.
Over the past week, Adani Enterprises has declined by 6.72%, compared to the Sensex’s 1.85% drop. The one-month and three-month performances show even sharper divergences, with the stock falling 10.51% and 18.49% respectively, while the Sensex declined by 4.10% and 3.00% over the same periods. Year-to-date, the stock is down 10.17%, significantly lagging the Sensex’s 3.75% loss.
Longer-Term Performance and Ratings
Despite the recent weakness, Adani Enterprises has delivered substantial gains over the longer term, with a five-year return of 294.01% and an impressive ten-year return of 2,709.28%, far outpacing the Sensex’s respective returns of 67.81% and 235.66%. However, the current market environment and recent price action have led to a downgrade in the stock’s mojo grade from Sell to Strong Sell as of 1 Dec 2025, reflecting increased caution.
The company’s mojo score stands at 20.0, with a market cap grade of 1, indicating a relatively lower market capitalisation standing within its peer group. This downgrade signals heightened risk perceptions and a more cautious stance from rating agencies.
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Immediate Pressures and Market Dynamics
The stock’s decline today can be attributed to a combination of factors including the broader market’s subdued performance, sector-specific headwinds, and technical weakness. The fact that Adani Enterprises is trading near its 52-week low and below all major moving averages suggests that selling interest remains elevated.
Investor caution is further reflected in the stock’s relative underperformance across all recent time frames compared to the Sensex. The market’s negative tone, coupled with the stock’s downgrade to a Strong Sell mojo grade, has contributed to the sustained price pressure.
Overall, the trading session highlighted the challenges faced by Adani Enterprises in regaining upward momentum amid a cautious market environment and persistent technical resistance.
Summary of Key Metrics
To summarise, Adani Enterprises Ltd’s key performance indicators as of 23 Jan 2026 are:
- Intraday low: Rs 2,022.8 (-3.1%)
- Day change: -3.05%
- Distance from 52-week low: 3.01%
- Mojo Score: 20.0 (Strong Sell, downgraded from Sell on 1 Dec 2025)
- Market Cap Grade: 1
- Underperformance vs Sensex (1 day): -3.63% vs -0.35%
- Underperformance vs Sensex (1 month): -10.51% vs -4.10%
- Underperformance vs Sensex (3 months): -18.49% vs -3.00%
- Year-to-date performance: -10.17% vs Sensex -3.75%
The stock’s current trajectory reflects ongoing challenges in the near term, with market sentiment and technical factors continuing to exert downward pressure.
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