November 26, 2022

Shares of Adani Inexperienced Power Ltd. fell 3.83 per cent to Rs 1861.1 in Monday’s commerce as of 12:33PM (IST) even because the benchmark Nifty dominated at 17258.20, down 358.95 factors.

The scrip had closed at Rs 1935.3 within the earlier session. The inventory quoted a 52-week low of Rs 860.2 and a excessive of Rs 1990.0. The corporate quoted a market-cap of Rs 291149.08 crore on the BSE.

On BSE, 52,658 shares have modified fingers on the counter thus far. At its prevailing value, the inventory traded at 622.43 occasions its trailing 12-month EPS of Rs 2.99 per share and 200.6 occasions its ebook worth. The return on fairness (ROE) stood at Rs 24.39.

Key Financials

For the quarter ended 30-Sep-2021, Adani Inexperienced Power Ltd. reported consolidated gross sales of Rs 1411.0 crore, up 96.48 per cent from the identical quarter a yr in the past. The corporate reported 432.02 per cent YoY development in web revenue at Rs 100.0 crore for the newest quarter.

Technical indicators

The relative energy index (RSI) of the inventory stood at Monday. The RSI oscillates between zero and 100. Historically, it’s thought-about overbought situation when the RSI worth is above 70 and oversold when it’s under 30.

Analysts say the RSI indicator shouldn’t be seen in isolation, because it is probably not adequate to take a buying and selling name, simply the way in which a basic analyst can’t give a “purchase” or “promote” advice utilizing a single valuation ratio.

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