Adani Power stock price up 0.85 per cent as Sensex slides

As of 30-Jun-2024, promoters held 46.64 per cent stake in the company, while FIIs held 14.73 per cent and domestic institutional investors had 1.41 per cent.

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Shares of Adani Power Ltd. rose 0.85 per cent to Rs 659.

9 at 12:11PM hours (IST) on Monday. Earlier in the day, the stock saw a start to the session. As per data available on BSE , total traded quantity on the counter stood at 178,796 shares with a turnover of Rs 11.



72 crore till 12:11PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 15.9, while the price-to-book value ratio stood at 5.

78. Return on equity (ROE) was at 58.53 per cent, according to exchange data.

The stock hit an intraday high of Rs 662.35 and a low of Rs 650.05 during the session and quoted a 52-week high price of Rs 896.

75 and a 52-week low of Rs 289.3. The stock's beta value, which measures its volatility in relation to the broader market, stood at 2.

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04. 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 below 50-DMA and 200-DMA, it is considered a bearish trend.

If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way. The Relative Strength Index (RSI) of the stood at 49.08.

The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30. Promoter holding As of 30-Jun-2024, promoters held 72.

71 per cent stake in the company, while overseas investors held 14.73 per cent and domestic institutional investors had 1.42 per cent.

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