Market

Adani Green share price up 5.0 per cent

Shares of Adani Green Energy Ltd. traded 5.0 per cent up at Rs 984.95 at around 03:03PM (IST) on Thursday. The stock had closed at Rs 938.05 in the previous session. Equity benchmark Sensex traded 591.51 points higher at 52790.02 around the same time.

The scrip has climbed 172.54 per cent in the last one year till date, while the 30-share index has gained 39.19 per cent during the same period.

The stock’s 52-week high price stood at Rs 1394.0 and the 52-week low price at Rs 306.1.

Trading volume on the counter stood at 18,790 shares, while it quoted a price-to-earnings ratio of 782.5, an EPS value of 1.19 and a price-to-book value of 200.6. In the Nifty50 pack, 38 stocks traded in the green, while 12 stocks were in the red.

Promoter/FII Holding
Promoters held 57.47 per cent stake in the company as of 30-Jun-2021, while overseas investor and mutual funds’ ownership stood at 20.32 per cent and 0.12 per cent, respectively.

Key Financials
For the quarter ended 31-Mar-2021, the company reported consolidated sales of Rs 1082.0 crore, up 28.36 per cent from the previous quarter’s Rs 842.92 crore and up 50.56 per cent from the year-ago quarter’s Rs 718.67 crore. The company reported net profit of Rs 105.0 crore for the latest quarter.

Technical Indicators

The MACD signalled a bearish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.

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