This Adani group stock hits all-time high today. Experts give ‘buy’ tag
After breaking its all-time high of ₹1,351.55 (made on 19th May 2021) on yesterday, the Adani Enterprises share price continued its rally on Wednesday and scaled new peak of ₹1543.70 at NSE. According to stock market experts, this Adani group share is skyrocketing due to the rise in soya prices. They said that soya prices have got doubled in the last one year, which is good for the FMCG business of company. On technical chart, the Adani Enterprises shares have made a breakout on Monday after sustaining above ₹1322, which helped the stock scale new peak.
Speaking on the fundamentals supporting Adani Entreprise share price rally Ravi Singhal, Vice Chairman at GCL Securities said, “Adani Enterprises share price rally has connection with the soya price rise taking place in last one year.
