adani green stock price: Adani Green stock price down 1.46 per cent as Sensex slides

Shares of Adani Green Energy Ltd. fell 1.46 per cent to Rs 1097.05 at 11:38AM hours (IST) on Thursday. Earlier in the day, the stock saw a gap down start to the session.

As per data available on BSE, total traded quantity on the counter stood at 13,039 shares with a turnover of Rs 1.44 crore till 11:38AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 962.07, while the price-to-book value ratio stood at 31.49.

Return on equity (ROE) was at -3.04 per cent, according to exchange data. The stock hit an intraday high of Rs 1144.0 and a low of Rs 1086.15 during the session and quoted a 52-week high price of Rs 1341.6 and a 52-week low of Rs 183.0.

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 830.81 on April 15, while the 50-DMA was at Rs 1142.89. 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 42.44. 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-Dec-2020, promoters held 74.92 per cent stake in the company, while FIIs held 22.78 per cent and domestic institutional investors had 0.31 per cent.

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