Adani Power share price up 1.76 per cent
Adani Power Ltd. traded 1.76 per cent up at Rs 550.95 at around 12:12PM (IST) on Thursday. The stock had closed at Rs 541.4 in the previous session. Equity benchmark Sensex traded 241.37 points lower at 72381.72 around the same time.
The scrip has climbed 238.84 per cent in the last one year till date, while the 30-share index has gained 19.77 per cent during the same period.
The stock's 52-week high price stood at Rs 589.3 and the 52-week low price at Rs 132.55.
Trading volume on the counter stood at 103,000 shares, while it quoted a price-to-earnings ratio of 9.11, an EPS value of 60.5 and a price-to-book value of 4.5. In the Nifty50 pack, 23 stocks traded in the green, while 27 stocks were in the red.
Promoter/FII Holding Promoters held 71.75 per cent stake in the company as of 31-Dec-2023, while foreign institutional investors and MF ownership stood at 15.86 per cent and 1.17 per cent, respectively.
Key Financials For the quarter ended 31-Dec-2023, the company reported consolidated sales of Rs 13355.27 crore, down 10.58 per cent from the previous quarter's Rs 14935.68 crore and down 61.1 per cent from the year-ago quarter's Rs 8290.21 crore. The company reported net profit of Rs 2737.96 crore for the latest quarter.
Technical Indicators The MACD signalled a bearish 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
