Adani Green share price: Adani Green stock price down 0.19 per cent as Sensex climbs

Shares of Adani Green Energy Ltd. fell 0.19 per cent to Rs 1096.95 at 11:38AM hours (IST) on Friday. Earlier in the day, the stock saw a gap up start to the session.

As per data available on BSE, total traded quantity on the counter stood at 34,522 shares with a turnover of Rs 3.83 crore till 11:38AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 914.9, while the price-to-book value ratio stood at 31.49.

Return on equity (ROE) was at 9.54 per cent, according to exchange data. The stock hit an intraday high of Rs 1125.8 and a low of Rs 1083.5 during the session and quoted a 52-week high price of Rs 1341.6 and a 52-week low of Rs 202.7.

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

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 882.81 on May 07, while the 50-DMA was at Rs 1139.91. 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 50.85. 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 31-Mar-2021, promoters held 56.29 per cent stake in the company, while overseas investors held 21.47 per cent and domestic institutional investors had 0.3 per cent.

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