Adani Power shares gain 1.96% as Sensex rises
Adani Power Ltd. traded 1.96 per cent higher in Tuesday's session at 10:25AM (IST).
The stock opened at Rs 345.5 and has touched an intraday high and low of Rs 351.95 and Rs 345.5, respectively, during the session so far.
The stock quoted a 52-week high of Rs 420.0 and a 52-week low of 132.55. About 364,204 shares changed hands on the counter so far.
Benchmark Nifty50 was up 37.05 points at 19565.85, while the BSE Sensex traded 133.75 points higher at 65761.89 at the time of writing of this report.
In the Nifty pack, 29 stocks traded the day in the green, while 21 were in the red.
Key Financials 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 year-ago quarter.
The company reported net profit of Rs 8759.42 crore for the latest quarter.
Promoter Holdings Promoters held 74.97 per cent stake in the company as of 31-Mar-2023, while FIIs held 11.7 per cent and MFs 0.01 per cent.
Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 250.69 on September 05, while the 50-DMA was at Rs 276.64. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward.
