Adani Power shares down 0.65% as Sensex falls
Adani Power Ltd. fell 0.65 per cent to Rs 286.25 in Monday's session as of 02:00PM (IST) even as the equity benchmark Sensex traded 27.5 points lower at 65295.15. Earlier in the day, the stock witnessed a gap down start to the session.
The stock quoted a 52-week high price of Rs 432.8 and a 52-week low of Rs 132.55 on NSE. Around 1455567 shares changed hands on the counter till 02:00PM (IST). The stock opened at Rs 282.35 and has touched an intraday high and low of Rs 286.6 and Rs 275.9 during the session so far.
The counter quoted a price-to-earnings (PE) ratio of 7.51, earnings per share (EPS) of Rs 38.13 and price to book value (PB) of 4.5, while the return on equity (ROE) stood at Rs 65.35.Promoter/ FII Holding The promoters held 74.97 per cent stake in the company as of August 14, while FII and MF ownerships stood at 11.7 per cent and 0.01 per cent, respectively.Key Financials With a market capitalisation of Rs 110385.59 crore, the company operates in the Power Generation — Thermal industry. For the quarter ended 30-Jun-2023, the company reported consolidated sales of Rs 18109.01 crore, up 67.75 per cent from the previous quarter?s Rs 10795.32 crore and up 16.76 per cent from the same quarter a year ago. The company reported net profit of Rs 8759.42 crore for the latest quarter, up 83.26 per cent from the corresponding quarter last year.Technical Indicators The relative strength index (RSI) of the stock stands at 66.64.
The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a
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