Adani Green Share Price: Adani Green shares rise 0.86 per cent in Thursday’s trading session

Shares of Adani Green Energy Ltd. rose 0.86 per cent to Rs 1399.65 in Thursday’s trade as of 12:55PM (IST) even as the benchmark Nifty ruled at 17473.25, up 58.2 points.

The scrip had closed at Rs 1387.7 in the previous session. The stock quoted a 52-week low of Rs 860.2 and a high of Rs 1428.0. The company quoted a market-cap of Rs 218962.0 crore on the BSE.

On BSE, 14,195 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 468.1 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 Thursday. 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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