Adani Power shares gain 14.28% as Sensex rises
The stock quoted a 52-week high of Rs 890.4 and a 52-week low of Rs 230.95.
Shares of traded 14.28 per cent higher in Monday's session at 10:00AM (IST). The stock opened at Rs 875.0 and has touched an intraday high and low of Rs 890.4 and Rs 825.75, respectively, during the session so far.The stock quoted a 52-week high of Rs 890.4 and a 52-week low of 230.95. About 1,907,484 shares changed hands on the counter so far.
Benchmark Nifty50 was up 630.5 points at 23161.2, while the BSE traded 2033.27 points higher at 75994.58 at the time of writing of this report.
In the pack, 49 stocks traded the day in the green, while 1 were in the red.
Key Financials
For the quarter ended 31-Mar-2024, the company reported consolidated sales of Rs 13881.52 crore, up 3.94 per cent from the previous quarter's Rs 13355.27 crore and up 28.59 per cent from the year-ago quarter. The company reported net profit of Rs 2737.24 crore for the latest quarter.
Promoter Holdings
Promoters held 71.75 per cent stake in the company as of 31-Mar-2024, while FIIs held 15.91 per cent and MFs 1.39 per cent.
Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 492.43 on June 03, while the 50-DMA was at Rs 616.58. 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.
Source: Stocks-Markets-Economic Times
