The return on equity (ROE) for the stock stood at 24.39 per cent. Traded volume on the counter stood at 02:14PM shares and turnover at Rs 1.41 crore around that time. The stock of Adani Green Energy Ltd. quoted a 52-week high price of Rs 1394.0 and 52-week low prices of Rs 420.6, respectively.
The stock’s Beta value, which measures its volatility in relation to the broader market, stood at 1.9.
Promotor/FII Holding
Promoters held 54.92 per cent stake in the company as of 30-Jun-2021, while FIIs held 20.32 per cent and domestic institutional investors had 0.12 per cent.
Key Financials
The company reported consolidated sales of Rs 1079.0 crore for the quarter ended 30-Jun-2021, down 0.28 per cent from previous quarter’s Rs 1082.0 crore and down 22.87 per cent from the year-ago quarter’s Rs 878.14 crore. Net profit after tax for the latest quarter stood at Rs 219.0 crore, up 1033.54 per cent from the same quarter a year ago.
Technicals
The MACD signalled a bullish 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 topof 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.
