Adani Power share price up 0.86 per cent
Adani Power Ltd. traded 0.86 per cent up at Rs 390.75 at around 10:30AM (IST) on Monday. The stock had closed at Rs 387.4 in the previous session.
Equity benchmark Sensex traded 36.32 points higher at 65831.05 around the same time.
The scrip has climbed 16.12 per cent in the last one year till date, while the 30-share index has gained 6.2 per cent during the same period.
The stock's 52-week high price stood at Rs 410.0 and the 52-week low price at Rs 132.55.
Trading volume on the counter stood at 311,178 shares, while it quoted a price-to-earnings ratio of 7.32, an EPS value of 53.42 and a price-to-book value of 4.5. In the Nifty50 pack, 27 stocks traded in the green, while 23 stocks were in the red.
Promoter/FII Holding Promoters held 70.02 per cent stake in the company as of 30-Sep-2023, while overseas investor and mutual funds' ownership stood at 17.51 per cent and 0.74 per cent, respectively.
Key Financials For the quarter ended 30-Sep-2023, the company reported consolidated sales of Rs 14935.68 crore, down 17.52 per cent from the previous quarter's Rs 18109.01 crore and down 76.84 per cent from the year-ago quarter's Rs 8445.99 crore. The company reported net profit of Rs 6594.17 crore for the latest quarter.
Technical Indicators The MACD signalled a bullish bias on the counter.
The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect «buy» or «sell» opportunities.
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