Adani Green declines 2.38% as Sensex slides

Shares of Adani Green Energy Ltd. traded at Rs 980.0 on BSE at 02:53PM (IST) on Monday, down 2.38 per cent from previous close.

The stock quoted a 52-week low price of Rs 306.1 and a high of Rs 1394.0.

Earlier, the stock saw a gap up opening in the morning.

A total of 177,897 lakh shares changed hands on the counter till 02:53PM (IST).

The stock of Adani Green Energy Ltd. commanded a market value of Rs 153429.8 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 821.0, while the price-to-book value ratio stood at 200.6. Return on equity (ROE) was at 24.39 per cent, according to exchange data.

In the BSE500 pack, 129 stocks traded in the green, while 371 stocks were in the red.

The stock’s beta value, which measures volatility in relation to the broader market, stood at 1.9.

Promotor/FII Holding

Promoters held 54.92 per cent in Adani Green Energy Ltd. as of 31-Mar-2021 while foreign portfolio investors and domestic institutional investors owned 21.47 per cent and 0.12 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 1053.82 on July 19, while the 50-DMA was at 1148.89. If a stock trades below 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 as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

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