Adani Power shares fall 0.17% as Sensex falls

Shares of Adani Power Ltd rose 0.17 percent in the Thursday morning session at 11:06AM (IST) to Rs. 503.50, even as the equity benchmark Sensex traded 449.03 points higher at 77699.46.

Earlier in the day, the stock had seen gains in the opening session range. The stock traded on the NSE at Rs. 896.75 to its 52-week high and Rs. It quoted a 52-week low of 430.85. Around 63427 shares changed hands on the counter till 11:06AM (IST).

Share Rs. 506.50 and during the session so far closed at Rs. 508.10 and Rs. The intraday high and low were touched at 503.10. The stock quoted a price-to-earnings (PE) ratio of 15.29, earnings per share (EPS) of Rs 32.98 and price-to-book value (PB) of 5.78, while return on equity (ROE) stood at Rs. was 58.53.

Promoter/FII holding
As of January 09, promoters held 74.96 per cent stake in the company, while FIIs and MFs owned 12.66 per cent and 1.51 per cent respectively.

Chief Financial Officer

With a market cap of 194486.15 crores, the company operates in the Power Generation – Thermal industry. In the quarter ended 30-Sep-2024, the company posted Rs. 14062.8400 crore reported consolidated sales, up from the previous quarter’s Rs. 15473.9500 crore was 9.12 percent over the same quarter and 5.84 percent over the same quarter a year ago. In the latest quarter, the company posted Rs. 3331.8 crore, which was 49.47 percent over the same quarter last year.

Technical indicators
The relative strength index (RSI) of the stock is 42.97. RSI oscillates between zero and 100. Conventionally, when the RSI value is above 70 it is considered an overbought position and when it is below 30 it is considered an oversold position. Analysts say that the RSI indicator should not be viewed in isolation, as it may not be enough. Take a trading call, the way a fundamental analyst cannot give a “buy” or “sell” recommendation using a single. Valuation ratio.