Adani Power shares gain 0.38% as Sensex rises
The stock quoted a 52-week high of Rs 896.75 and a 52-week low of Rs 235.7.
Shares of traded 0.38 per cent higher in Wednesday's session at 12:07PM (IST). The stock opened at Rs 711.55 and has touched an intraday high and low of Rs 721.85 and Rs 711.55, respectively, during the session so far.The stock quoted a 52-week high of Rs 896.75 and a 52-week low of 235.7. About 216,281 shares changed hands on the counter so far.
Benchmark Nifty50 was up 129.5 points at 24253.35, while the BSE traded 424.72 points higher at 79866.17 at the time of writing of this report.
In the pack, 38 stocks traded the day in the green, while 12 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 535.47 on July 03, while the 50-DMA was at Rs 684.1. 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
