Adani Green Share Price: Adani Green stock price down 1.23 per cent as Sensex slides

Shares of Adani Green Energy Ltd. fell 1.23 per cent to Rs 1330.25 at 12:03PM hours (IST) on Monday. 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 28,351 shares with a turnover of Rs 3.79 crore till 12:03PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 444.81, while the price-to-book value ratio stood at 200.6.

Return on equity (ROE) was at 24.39 per cent, according to exchange data. The stock hit an intraday high of Rs 1367.0 and a low of Rs 1320.6 during the session and quoted a 52-week high price of Rs 1394.0 and a 52-week low of Rs 860.2.

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 1120.15 on November 22, while the 50-DMA was at Rs 1194.75. 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 70.7. 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 30-Sep-2021, promoters held 60.14 per cent stake in the company, while foreign institutional investors held 17.83 per cent and domestic institutional investors had 0.31 per cent.

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