Adani Energy Solutions Ltd slips for fifth straight session

Adani Energy Solutions Ltd dropped for a fifth straight session today. The stock is quoting at Rs 1048.25, down 0.48% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.17% on the day, quoting at 25052.5. The Sensex is at 81847.11, up 0.18%.Adani Energy Solutions Ltd has eased around 0.35% in last one month.Meanwhile, Nifty Energy index of which Adani Energy Solutions Ltd is a constituent, has increased around 0.48% in last one month and is currently quoting at 43792.05, down 0.33% on the day. The volume in the stock stood at 9.32 lakh shares today, compared to the daily average of 57.67 lakh shares in last one month.

The PE of the stock is 340.4 based on TTM earnings ending June 24.