On Wednesday at around 11:51 AM (IST), shares of Adani Power Ltd. were trading at Rs 504.20, up by 1.17%. This comes as the overall stock market, measured by the BSE Sensex, dropped by 506.55 points to reach 77692.56. Just the day before, the stock closed at Rs 510.20.
Over the past year, Adani Power’s share price has hit a high of Rs 896.75 and a low of Rs 430.85. According to BSE data, about 173,319 shares were traded by 11:51 AM, bringing in a total of Rs 8.79 crore.
When looking at the company’s performance, its shares are currently valued at 15.31 times the earnings per share (EPS) of Rs 32.98 from the last 12 months. This shows investors believe Adani Power will grow in the future. The price-to-book value at 5.78 gives an idea of the company’s worth and what people are willing to pay, even if the business isn’t expected to grow.
The stock is also a bit bumpy, with a Beta value of 2.8409, meaning it can be more versatile than the overall market.
Who Owns the Company?
As of September 30, 2024, promoters own 47.2% of Adani Power, while foreign investors (FIIs) hold 12.66%, and domestic investors (DIIs) own 1.51%.
What Do the Charts Show?
Looking at technical details, the stock’s relative strength index (RSI) is at 43.11. This number helps traders see if a stock is too expensive (overbought, above 70) or too cheap (oversold, below 30). However, it’s important to use RSI along with other information before making trading decisions, just as you wouldn’t rely on one fact to make an important choice.
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