High-Value Turnover and Price Momentum
On 3 February 2026, Adani Enterprises recorded a total traded volume of 23,08,260 shares, translating into a substantial traded value of ₹50,576.52 lakhs. The stock opened sharply higher at ₹2,150.0, representing a 7.75% gap up from the previous close of ₹1,995.4. It further extended gains to touch an intraday high of ₹2,233.4, marking an 11.38% rise within the session. The last traded price (LTP) stood at ₹2,182.6 as of 09:44:46 IST, reflecting a day change of 9.13%.
This price action notably outpaced the Diversified sector’s gain of 4.49% and the Sensex’s modest 2.57% rise, underscoring the stock’s relative strength. Over the past two trading days, ADANIENT has delivered a cumulative return of 13.44%, signalling sustained buying momentum.
Technical and Liquidity Insights
From a technical perspective, the stock’s price currently trades above its 5-day, 20-day, and 50-day moving averages, indicating short- to medium-term bullishness. However, it remains below the longer-term 100-day and 200-day averages, suggesting that the broader trend may still be under consolidation or correction. The weighted average price during the session was closer to the day’s low, implying that most volume was transacted at relatively lower price points within the day’s range, which could indicate cautious accumulation.
Liquidity remains robust, with the stock’s traded value representing approximately 2% of its 5-day average traded value, supporting trade sizes up to ₹6.54 crores without significant market impact. This liquidity profile is attractive for institutional investors and large traders seeking to enter or exit positions efficiently.
Institutional Interest and Delivery Volumes
Despite the strong price performance, investor participation in terms of delivery volumes has shown signs of moderation. On 2 February 2026, the delivery volume was 2.97 lakh shares, down by 48.76% compared to the 5-day average delivery volume. This decline suggests that while the stock is witnessing high turnover, a significant portion of trading may be speculative or intraday in nature rather than long-term accumulation.
Such divergence between price gains and delivery volumes often warrants caution, as it may indicate that the rally is driven by short-term traders rather than sustained institutional buying. Nonetheless, the stock’s large market capitalisation of ₹2,53,342.67 crores classifies it as a large-cap entity, which typically attracts considerable institutional interest.
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Mojo Score and Rating Update
MarketsMOJO’s latest assessment assigns Adani Enterprises a Mojo Score of 20.0, categorising it under a Strong Sell rating as of 1 December 2025. This represents a downgrade from its previous Sell rating, reflecting deteriorating fundamentals or increased risk factors identified by the analytics platform. The company’s Market Cap Grade is rated 1, indicating a very large market capitalisation but possibly signalling concerns over valuation or quality metrics.
Such a rating downgrade amidst a strong price rally highlights the divergence between market sentiment and underlying fundamentals. Investors should weigh these contrasting signals carefully, especially given the stock’s volatile price movements and mixed delivery volume trends.
Sector and Market Context
The Diversified sector, to which Adani Enterprises belongs, gained 4.49% on the day, supported by select large-cap stocks showing resilience. However, the broader market environment remains cautious, with the Sensex advancing only 2.57%. Adani Enterprises’ outperformance by over 5 percentage points relative to its sector indicates concentrated interest, possibly driven by specific corporate developments or speculative trading.
Investors should also note that the stock’s price remains below its 100-day and 200-day moving averages, suggesting that the recent rally may be a technical rebound rather than a confirmed trend reversal. The stock’s ability to sustain gains above these longer-term averages will be critical for confirming a durable uptrend.
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Investor Takeaways and Outlook
Adani Enterprises’ recent trading activity underscores its status as a high-value stock attracting significant market attention. The sharp price appreciation and volume surge suggest strong short-term interest, but the decline in delivery volumes and the downgrade to a Strong Sell rating by MarketsMOJO counsel prudence.
Investors should monitor whether the stock can maintain momentum above key moving averages and whether delivery volumes recover, signalling genuine accumulation. Additionally, tracking sectoral trends and broader market cues will be essential to gauge sustainability.
Given the stock’s large market capitalisation and liquidity, institutional investors may find opportunities for tactical trades, but the current rating and mixed signals advise a cautious approach. Diversification and peer comparison remain critical, especially in a sector as broad and varied as Diversified.
Summary of Key Metrics for Adani Enterprises Ltd (3 February 2026)
- Total Traded Volume: 23,08,260 shares
- Total Traded Value: ₹50,576.52 lakhs
- Previous Close: ₹1,995.4
- Open Price: ₹2,150.0 (7.75% gap up)
- Day High: ₹2,233.4 (11.38% intraday gain)
- Last Traded Price: ₹2,182.6 (+9.13% day change)
- Mojo Score: 20.0 (Strong Sell, downgraded from Sell on 1 Dec 2025)
- Market Cap: ₹2,53,342.67 crores (Large Cap)
- Sector Gain: 4.49%
- Sensex Gain: 2.57%
- Delivery Volume (2 Feb): 2.97 lakh shares (-48.76% vs 5-day avg)
