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Adani Enterprises shares are experiencing high market volatility as the year ends. The Adani Enterprise share price is ₹2,510.95 as of 11.15 am on Dec 31, 2024. The corporate strategies that are transforming the company are behind the decline of 2.85%. Here's an in-depth analysis of AEL‘s current stock performance and broader market outlook.
Current Share Price: ₹2,510.95
Change: -2.85% (₹73.95 decrease)
Day Low/High: ₹2,507.45 / ₹2,577.75
Market Capitalization: ₹2.91 trillion
Volume: 853,243 shares traded
The AEL stock has been under pressure and declined from its previous close of ₹2,584.90. Adani Enterprises shares witnessed significant volatility in recent trading sessions. It reached an intraday high of ₹2,609.85 before retracing. It witnessed a four-day winning streak earlier in December, where investor optimism temporarily boosted the stock.
Adani Enterprises shares have faced fluctuations ever since the Hindenburg Research allegations came to light. The controversy saw investor confidence drop, hence the sharp declines and higher volatility. The current beta shows a higher risk.
Ventura Securities has lowered the price target for AEL to ₹3,801, a reduction of 37% from the estimated price of ₹5,999. However, even after reducing the price, the brokerage house still provides a 'Buy' recommendation due to the expected upsurge of 58% in the next two years.
52-Week Range: ₹2,025.00 - ₹3,743.90
Earnings Projections: Consolidated revenue is to rise 17.5% every year to reach ₹156,343 crores in FY25. Consolidated net earnings would also surge by 45.8% to ₹9,245 crores in the same period.
Debt and Capital Expenditure: AEL intends capital spending of ₹6.5-7 lakh crores for the next decade in the main part debt funded. Such funding could have ramifications for financial stability as well as investor confidence.
5-day SMA: ₹2,374.1
50-day SMA: ₹2,646.81
200-day SMA: ₹2,992.66
The stock's current price is falling below both short-term and long-term SMAs indicating bearish sentiment in the near term.
Support: ₹2,476.35, ₹2,359.25
Resistance: ₹2,660.20, ₹2,726.95
The company's withdrawal from its joint venture with Wilmar Group is also a strategic milestone. Adani Enterprises has announced the decision to sell its 43.94% stake in Adani Wilmar Ltd. to Wilmar International. The 31.06% remaining shares will go to the public. Selling this stake is expected to raise more than $2 billion, which would be redirected to core sectors such as energy and utilities.
Adani Enterprises is closing the year amidst challenges and opportunities. While recent price volatility underscores market skepticism, the company’s strategic realignments and projected growth offer long-term potential. Investors should remain vigilant, monitoring AEL’s earnings and regulatory developments as they weigh the risks and rewards of holding this high-stakes stock into 2025.
