Adani Power shares gain 0.89% as Sensex rises
The stock quoted a 52-week high of Rs 647.0 and a 52-week low of Rs 187.0.
Shares of traded 0.89 per cent higher in Monday's session at 11:31AM (IST). The stock opened at Rs 607.0 and has touched an intraday high and low of Rs 610.0 and Rs 597.15, respectively, during the session so far.The stock quoted a 52-week high of Rs 647.0 and a 52-week low of 187.0. About 61,329 shares changed hands on the counter so far.
Benchmark Nifty50 was up 144.3 points at 22291.3, while the BSE traded 384.93 points higher at 73473.26 at the time of writing of this report.
In the pack, 45 stocks traded the day in the green, while 5 were in the red.
Key Financials
For the quarter ended 31-Dec-2023, the company reported consolidated sales of Rs 13355.27 crore, down 10.58 per cent from the previous quarter's Rs 14935.68 crore and down 61.1 per cent from the year-ago quarter. The company reported net profit of Rs 2737.96 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 435.92 on April 22, while the 50-DMA was at Rs 565.72. 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
