Adani Enterprises share price closes at ₹2,706.30, falls 0.9% on November 9

Key Takeaways

• Adani Enterprises ended November 9 at ₹2,706.30, down 0.9%, after moving between ₹2,695 and ₹2,750 during the session.
• The close was ₹5.60 above the 200-day DMA of ₹2,700.70, but ₹55.30 below the 50-day DMA of ₹2,761.60.
• One-month and six-month returns remained positive at 4.25% and 8%, while the three-month return stood at negative 10.39%.

Adani Enterprises share price closed the November 9 session at ₹2,706.30, down ₹24.70 or 0.9%. The stock had opened at ₹2,742 against the previous close of ₹2,731. It traded between ₹2,695 and ₹2,750, creating a ₹55 intraday range. The final price was ₹11.30 above the day's low and ₹43.70 below the high, leaving the close in the lower portion of the session's range. Volume reached 910,784 shares.

The moving-average numbers were closely grouped around the closing price. Adani Enterprises finished ₹5.60 above its 200-day DMA of ₹2,700.70. At the same time, the stock remained below both shorter reference levels, with the 50-day DMA at ₹2,761.60 and the 100-day DMA at ₹2,789.40. The gap to the 50-day measure was ₹55.30, while the difference from the 100-day DMA was ₹83.10.

Across the 52-week range, the stock remained well removed from both extremes. The 52-week low stood at ₹1,753 and the high at ₹3,245. At ₹2,706.30, the closing price was ₹953.30 above the annual low but ₹538.70 below the annual high. Market capitalisation was ₹3,66,274 crore. The stock's day range was much narrower than the distance separating the current price from either 52-week boundary.

Return periods showed mixed performance. Adani Enterprises had gained 4.25% over one month and 8% over six months. The three-month figure was negative at 10.39%, while the one-year return stood at positive 17.81%. The difference between the three-month and one-year figures was therefore substantial, with the longer-period number remaining positive despite the weaker three-month reading.

The November 9 session also left the share only slightly above its 200-day DMA while remaining below both the 50-day and 100-day measures. Combined with the ₹55 day range and a close nearer the low than the high, those figures were the main numerical features of the session.