Adani Green Share Price: Adani Green share price up 4.06 per cent

Shares of Adani Green Energy Ltd. traded 4.06 per cent up at Rs 1406.0 at around 10:25AM (IST) on Tuesday. The stock had closed at Rs 1351.15 in the previous session. Equity benchmark Sensex traded 810.93 points higher at 58071.51 around the same time.

The scrip has climbed 25.55 per cent in the last one year till date, while the 30-share index has gained 31.76 per cent during the same period.

The stock’s 52-week high price stood at Rs 1428.0 and the 52-week low price at Rs 860.2.

Trading volume on the counter stood at 10,010 shares, while it quoted a price-to-earnings ratio of 469.77, an EPS value of 2.99 and a price-to-book value of 200.6. In the Nifty50 pack, 48 stocks traded in the green, while 2 stocks were in the red.

Promoter/FII Holding
Promoters held 60.14 per cent stake in the company as of 30-Sep-2021, while FII and MF ownership stood at 17.83 per cent and 0.13 per cent, respectively.

Key Financials
For the quarter ended 30-Sep-2021, the company reported consolidated sales of Rs 1411.0 crore, up 30.77 per cent from the previous quarter’s Rs 1079.0 crore and up 96.48 per cent from the year-ago quarter’s Rs 718.15 crore. The company reported net profit of Rs 100.0 crore for the latest quarter.

Technical Indicators

The MACD signalled a bullish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.

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