Adani Power shares rise 0.19 per cent in Monday's trading session
The Relative Strength Index of the stock stood at 57.0 on Monday.
Shares of rose 0.19 per cent to Rs 570.0 in Monday's trade as of 12:59PM (IST) even as the benchmark ruled at 22413.7, down 79.85 points.The scrip had closed at Rs 568.9 in the previous session. The stock quoted a 52-week low of Rs 166.25 and a high of Rs 589.3. The company quoted a market-cap of Rs 219459.83 crore on the .
On BSE, 89,497 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 9.41 times its trailing 12-month EPS of Rs 60.5 per share and 4.5 times its book value. The return on equity (ROE) stood at Rs 65.35.
Key Financials
For the quarter ended 31-Dec-2023, reported consolidated sales of Rs 13355.27 crore, down 61.1 per cent from the same quarter a year ago. The company reported 31119.61 per cent YoY growth in net profit at Rs 2737.96 crore for the latest quarter.
Technical indicators
The relative strength index (RSI) of the stock stood at Monday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold 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 fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.
Source: Stocks-Markets-Economic Times
