Adani Power rises 1.22% as Sensex slides
Adani Power Ltd. traded at Rs 406.0 on BSE at 10:05AM (IST) on Friday, up 1.22 per cent from previous close.
The scrip quoted a 52-week low price of Rs 132.55 and a high of Rs 410.0.
Earlier, shares of the company saw a gap down opening in the morning.
A total of 430,581 lakh shares changed hands on the counter till 10:05AM (IST).
The stock of Adani Power Ltd.
commanded a market value of Rs 155936.04 crore, according to BSE.
The stock traded at a price-to-earning (P/E) multiple of 7.57, while the price-to-book value ratio stood at 4.5. Return on equity (ROE) was at 65.35 per cent, according to exchange data.
In the BSE500 pack, 170 stocks traded in the green, while 331 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-Sep-2023 while foreign and domestic institutional investors owned 17.51 per cent and 0.74 per cent, respectively.
Moving averages
The 200-DMA of the stock stood at 264.01 on November 10, while the 50-DMA was at 361.28. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward.
