Adani Power shares down 0.79% as Sensex rises

economictimes.indiatimes.com:

Adani Power Ltd. fell 0.79 per cent to Rs 520.5 in Friday's session as of 01:13PM (IST) even as the equity benchmark Sensex traded 538.25 points higher at 71725.11.
Earlier in the day, the stock witnessed a gap down start to the session.

The stock quoted a 52-week high price of Rs 589.3 and a 52-week low of Rs 132.55 on NSE. Around 94135 shares changed hands on the counter till 01:13PM (IST).
The stock opened at Rs 524.05 and has touched an intraday high and low of Rs 528.0 and Rs 520.0 during the session so far.

The counter quoted a price-to-earnings (PE) ratio of 9.73, earnings per share (EPS) of Rs 53.42 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 71.75 per cent stake in the company as of January 19, while FII and MF ownerships stood at 15.86 per cent and 1.17 per cent, respectively.
Key Financials With a market capitalisation of Rs 200580.11 crore, the company operates in the Power Generation — Thermal industry.

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 same quarter a year ago. The company reported net profit of Rs 6594.17 crore for the latest quarter, up 848.08 per cent from the corresponding quarter last year.
Technical Indicators The relative strength index (RSI) of the stock stands at 50.24.

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