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The stock quoted a 52-week high price of Rs 2916.85 and a 52-week low of Rs 1988.6.

A bear market is a situation where the stock market in general witnesses a prolonged price dip. This could be in the form of a price correction or time correction or both. A stock market is generally bearish if the stock prices decline by 20% or more from its recent high

A total of 641,060 shares changed hands on the counter till 01:53PM (IST)

"On Monday, most cryptocurrencies declined after the release of the US Durable Goods Orders data for January. The data showed a 4.5% drop, causing concern among investors and traders about the possibility of inflation and interest rate hikes, despite strong economic data for the same period," Edul Patel, Co-founder and CEO of Mudrex, said.

Another factor that brought investor interest back in the stock today was an ET report stating that lenders led by the State Bank of India (SBI) that are conducting an annual review of Adani Enterprises have decided to maintain status quo on credit limits sanctioned for Gautam Adani’s flagship company.

“We are in a yo-yo kind of a situation where risk-off and risk-on nowadays happens in like a month rather than 6 months or 12 months which we used to see. But I would say that after the initial nervousness, we are heading into a space where good news can outpace the bad news.”

“The normalisation in livelihoods or the labour market will have an impact on rural demand. There would be some lag, and therefore we have not really seen that in the numbers as yet. But we will see that in the numbers in the next few months. And we will see better rural demand indicators in the next probably three to six months than what we have seen in the past.”

Promoters held 23.28 per cent stake in the company as of 31-Dec-2022, while FII and DII ownership stood at 42.91 per cent and 5.67 per cent, respectively.

According to Nuvama, Adani Enterprises may see outflows worth $102 million while HCL Tech, Jindal Steel, Shriram Finance will see outflows of $95 million, $19 million and $15 million respectively. On the other hand, weight reduction in ACC will lead to outflows worth $11 million

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