Adani Power Ltd. saw its shares rise by 1.52% to reach Rs 546.10 by 1:31 PM IST on Monday. The stock had a strong start to the day. According to Niftystat, a total of 648,190 shares were traded, bringing in Rs 35.77 crore in sales by the same time.
The company’s stock currently has a price-to-earnings (P/E) ratio of 16.57 and a price-to-book (P/B) ratio of 5.78. This means investors are willing to pay about 16 times what the company earns per share, and the P/B ratio shows how the current share price compares to the company’s value.
Adani Power’s return on equity (ROE) is outstanding at 58.53%, indicating that the company generates a lot of profit from its shareholders’ investments. During the day, the stock reached a highest price of Rs 566.00 and a lowest price of Rs 543.25. Its 52-week range shows it hit a high of Rs 896.75 and a low of Rs 417.10.
The stock is considered quite volatile with a beta value of 2.8409, meaning it moves more than the overall market.
Looking at the technical indicators, the 200-day moving average (200-DMA) was Rs 634.12, while the 50-day moving average (50-DMA) stood at Rs 595.54. If a stock is priced above these averages, it usually suggests prices could continue to rise. However, if it’s below these averages, it might indicate a downward trend. If the stock is in between, it means the price could go either way.
The Relative Strength Index (RSI) measures how the stock is performing. Currently, it is at 48.7. An RSI above 70 signals that a stock is too expensive, while an RSI below 30 suggests it’s too cheap.
As of September 30, 2024, the promoters own 74.96% of the company. Foreign institutional investors have 12.66% and domestic institutional investors hold 1.52%.
Leave a Reply