Adani Power rises 0.77% as Sensex slides

economictimes.indiatimes.com:

Adani Power Ltd. traded at Rs 699.6 on BSE at 01:08PM (IST) on Monday, up 0.77 per cent from previous close.
The stock quoted a 52-week low price of Rs 235.7 and a high of Rs 896.75.

Earlier, shares of the company saw a gap down opening in the morning.
A total of 160,060 lakh shares changed hands on the counter till 01:08PM (IST).
The stock of Adani Power Ltd. commanded a market value of Rs 269754.31 crore, according to BSE.
The stock traded at a price-to-earning (P/E) multiple of 12.95, while the price-to-book value ratio stood at 5.78. Return on equity (ROE) was at 58.53 per cent, according to exchange data.
In the BSE500 pack, 367 stocks traded in the green, while 134 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 30-Jun-2024 while foreign and domestic institutional investors owned 14.73 per cent and 1.41 per cent, respectively.
Moving averages
The 200-DMA of the stock stood at 555.38 on July 22, while the 50-DMA was at 711.17. 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.