Adani Power shares rise 1.06 per cent in Friday's trading session
The Relative Strength Index of the stock stood at 59.68 on Friday.
Shares of rose 1.06 per cent to Rs 757.15 in Friday's trade as of 10:55AM (IST) even as the benchmark ruled at 23036.45, up 215.05 points.The scrip had closed at Rs 749.2 in the previous session. The stock quoted a 52-week low of Rs 230.95 and a high of Rs 896.75. The company quoted a market-cap of Rs 288074.77 crore on the .
On BSE, 272,769 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 13.83 times its trailing 12-month EPS of Rs 54.0 per share and 4.77 times its book value. The return on equity (ROE) stood at Rs 48.27.
Key Financials
For the quarter ended 31-Mar-2024, reported consolidated sales of Rs 13881.52 crore, up 28.59 per cent from the same quarter a year ago. The company reported 47.79 per cent YoY de-growth in net profit at Rs 2737.24 crore for the latest quarter.
Technical indicators
The relative strength index (RSI) of the stock stood at Friday. 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
