Adani Power stock price down 1.86 per cent as Sensex climbs
As of 31-Mar-2024, promoters held 46.64 per cent stake in the company, while FIIs held 15.91 per cent and domestic institutional investors had 1.39 per cent.
Shares of fell 1.86 per cent to Rs 593.1 at 01:59PM hours (IST) on Monday. Earlier in the day, the stock saw a gap down start to the session.As per data available on , total traded quantity on the counter stood at 258,079 shares with a turnover of Rs 15.21 crore till 01:59PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 9.79, while the price-to-book value ratio stood at 4.77.
Return on equity (ROE) was at 48.27 per cent, according to exchange data. The stock hit an intraday high of Rs 603.0 and a low of Rs 578.0 during the session and quoted a 52-week high price of Rs 647.0 and a 52-week low of Rs 214.0.
The stock's beta value, which measures its volatility in relation to the broader market, stood at 2.84.
Technical Indicators
The 200-DMA (day moving average) of the stock stood at Rs 451.9 on May 06, while the 50-DMA was at Rs 571.97. 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 below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.
The Relative Strength Index (RSI) of the stood at 51.35. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.
Promoter holding
As of 31-Mar-2024, promoters held 71.75 per cent stake in the company, while foreign institutional investors held 15.91 per cent and domestic institutional investors had 1.41 per cent.
Source: Stocks-Markets-Economic Times
