Adani Power share price: Adani Power share price rises 0.1 percent as Sensex rises
As per data available on BSE, the total number of shares traded on the counter was 167,711 with a turnover of Rs 11.72 crore till 12:07 pm (IST). The stock was trading at a price to earnings (P/E) ratio of 16.87, while the price to book ratio stood at 5.78.
Return on equity (ROE) stood at 58.53 percent, according to exchange data. The stock hit an intraday high of Rs 706.5 and a low of Rs 693.25 during the session and traded a 52-week high of Rs 896.75 and a 52-week low of Rs 282.0.
The stock’s beta, which measures its volatility relative to the broader market, was 2.84.
Technical indicators The stock’s 200-DMA (daily average) was Rs 589.25 on August 19, while the 50-DMA was Rs 717.91. Usually, when a stock is trading above 50-DMA and 200-DMA, it means that the immediate trend is up. On the other hand, if the stock is trading below 50-DMA and 200-DMA, it is considered a bearish trend. If it is trading between 50-DMA and 200-DMA, it indicates that the stock can go in either direction. The Relative Strength Index (RSI) was at 47.99. RSI fluctuates between zero and 100. Traditionally, a stock is considered overbought when the RSI reading is above 70 and oversold when it is below 30. Organizer participation
As of June 30, 2024, the founders held a 72.71 percent stake in the company, while foreign investors held 14.73 percent and domestic institutional investors held 1.42 percent.
