Adani Power declines 0.94% as Sensex climbs

economictimes.indiatimes.com:

Adani Power Ltd. traded at Rs 633.9 on BSE at 02:04PM (IST) on Friday, down 0.94 per cent from previous close.
The scrip quoted a 52-week low price of Rs 214.0 and a high of Rs 651.6.

Earlier, shares of the company saw a gap down opening in the morning.
A total of 140,972 lakh shares changed hands on the counter till 02:04PM (IST).
The stock of Adani Power Ltd. commanded a market value of Rs 246824.81 crore, according to BSE.
The stock traded at a price-to-earning (P/E) multiple of 9.79, while the price-to-book value ratio stood at 4.77. Return on equity (ROE) was at 48.27 per cent, according to exchange data.
In the BSE500 pack, 347 stocks traded in the green, while 154 stocks were in the red.
The stock's beta value, which measures volatility in relation to the broader market, stood at 2.84.
Promotor/FII Holding Promoters held 46.64 per cent in Adani Power Ltd. as of 31-Mar-2024 while foreign and domestic institutional investors owned 15.91 per cent and 1.39 per cent, respectively.
Moving averages
The 200-DMA of the stock stood at 468.35 on May 17, while the 50-DMA was at 582.04. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.