Adani Enterprises' Stock Sees 3.49% Increase, Outperforms Sector on November 28, 2024

Nov 28 2024 09:45 AM IST
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On November 28, 2024, Adani Enterprises' stock price increased by 3.49%, in line with the sector's performance. The stock has been on an upward trend for the past two days, with a total gain of 13.4%. Its moving averages are currently higher than the 5-day average, but lower than the 20, 50, 100, and 200-day averages. Compared to the Sensex, the stock outperformed by 3.41% on the day, but has seen a decline of -11.44% in the past month. MarketsMojo has given a 'Sell' call for the stock, based on its analysis.

Adani Enterprises, a largecap diversified company, saw a 3.49% increase in its stock price on November 28, 2024. This gain was in line with the overall performance of the sector, as the stock outperformed the sector by 0.35%. The stock has been on a consecutive upward trend for the past two days, with a total gain of 13.4% during this period.

On the day of the stock's gain, it opened with a 2% increase and reached an intraday high of Rs 2467.5, showing a 2.88% increase. The stock's moving averages are currently higher than the 5-day moving average, but lower than the 20-day, 50-day, 100-day, and 200-day moving averages.

In comparison to the Sensex, Adani Enterprises' performance on the day was 3.41% higher, while its one-month performance was -11.44% lower. This shows that the stock has been performing better than the overall market in the short term, but has seen a decline in the past month.

MarketsMOJO has given a 'Sell' call for Adani Enterprises' stock, based on its analysis. However, it is important to note that this is not a recommendation and should not be considered as such. This information is based on facts and figures, and does not include any external data or sources.
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