Adani Green Share Price: Adani Green shares rise 1.37 per cent in Monday’s trading session

Shares of Adani Green Energy Ltd. rose 1.37 per cent to Rs 1162.0 in Monday’s trade as of 12:51PM (IST) even as the benchmark Nifty ruled at 17791.15, up 119.5 points.

The scrip had closed at Rs 1146.35 in the previous session. The stock quoted a 52-week low of Rs 750.0 and a high of Rs 1394.0. The company quoted a market-cap of Rs 179290.78 crore on the BSE.

On BSE, 6,991 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 383.29 times its trailing 12-month EPS of Rs 2.99 per share and 200.6 times its book value. The return on equity (ROE) stood at Rs 24.39.

Key Financials

For the quarter ended 30-Sep-2021, Adani Green Energy Ltd. reported consolidated sales of Rs 1411.0 crore, up 96.48 per cent from the same quarter a year ago. The company reported 432.02 per cent YoY growth in net profit at Rs 100.0 crore for the latest quarter.

Technical indicators

The relative strength index (RSI) of the stock stood at Monday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.

Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a “buy” or “sell” recommendation using a single valuation ratio.

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