MUMBAI: Adani Enterprises, which became part of Nifty 50 on September 30, was the top gainer in the index, down 5.5% on Monday. 3,266.15.
The stock replaced Shree Cements, becoming the second Adani Group company on the Belvedere index after Adani Ports & SEZ.
Out of the trading volume of 20.63 lakh shares, around 6.17 lakh shares changed hands. The stock commands a PE multiple of 360 based on Monday’s intraday price and is expected to change in Nifty PE as passive funds queue up to buy it.
Stock is up 139% from its 52-week low 1,367.7 through intraday Monday on October 28, 2021.
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