Adani Green share price: Adani Green shares drop 0.16% as Sensex rises

Shares of Adani Green Energy Ltd. traded 0.16 per cent lower in Thursday’s session at 01:43PM (IST). The stock opened at Rs 908.0 and has touched an intraday high and low of Rs 914.0 and Rs 869.15, respectively, during the session so far.

The stock quoted a 52-week high of Rs 1394.0 and a 52-week low of 340.0. About 8,698 shares changed hands on the counter so far.

Benchmark Nifty50 was up 66.25 points at 16325.05, while the BSE Sensex traded 269.66 points higher at 54639.43 at the time of writing of this report.

In the Nifty pack, 21 stocks traded the day in the green, while 28 were in the red.

Key Financials

For the quarter ended 30-Jun-2021, the company reported consolidated sales of Rs 1079.0 crore, down 0.28 per cent from the previous quarter’s Rs 1082.0 crore and down 22.87 per cent from the year-ago quarter. The company reported net profit of Rs 219.0 crore for the latest quarter.


Promoter Holdings

Promoters held 57.47 per cent stake in the company as of 30-Jun-2021, while FIIs held 20.32 per cent and MFs 0.12 per cent.

Technicals

On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 1066.28 on August 05, while the 50-DMA was at Rs 1081.94. 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 well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.

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