Adani Power shares gain 1.17% as Sensex falls

economictimes.indiatimes.com:

Adani Power Ltd. traded 1.17 per cent higher in Friday's session at 10:15AM (IST). The stock opened at Rs 685.5 and has touched an intraday high and low of Rs 689.0 and Rs 679.0, respectively, during the session so far.
The stock quoted a 52-week high of Rs 896.75 and a 52-week low of 289.3. About 178,434 shares changed hands on the counter so far.

Benchmark Nifty50 was down 11.46 points at 24800.05, while the BSE Sensex traded 8.26 points lower at 81044.93 at the time of writing of this report.
In the Nifty pack, 20 stocks traded the day in the green, while 29 were in the red.

Key Financials For the quarter ended 30-Jun-2024, the company reported consolidated sales of Rs 15473.95 crore, up 11.47 per cent from the previous quarter's Rs 13881.52 crore and up 14.55 per cent from the year-ago quarter. The company reported net profit of Rs 3912.79 crore for the latest quarter.
Promoter Holdings Promoters held 72.71 per cent stake in the company as of 30-Jun-2024, while FIIs held 14.73 per cent and MFs 1.41 per cent.
Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 595.68 on August 23, while the 50-DMA was at Rs 711.8. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.