market

Share price of Adani Green falls as Nifty strengthens


Shares of . slipped 0.54 per cent to Rs 2178.0 in Friday’s trade as of 12:18PM (IST). The stock hit a high price of Rs 2208.35 and low of Rs 2172.85 during the session.

The return on equity (ROE) for the stock stood at 41.09 per cent. Traded volume on the counter stood at 12:18PM shares and turnover at Rs 4.25 crore around that time. The stock of Adani Green Energy Ltd. quoted a 52-week high price of Rs 3048.0 and 52-week low prices of Rs 860.2, respectively.

The stock’s Beta value, which measures its volatility in relation to the broader market, stood at 1.9.

Smart Talk




Promotor/FII Holding

Promoters held 54.22 per cent stake in the company as of 30-Jun-2022, while FIIs held 15.91 per cent and domestic institutional investors had 0.13 per cent.

Key Financials

The company reported consolidated sales of Rs 1701.0 crore for the quarter ended 30-Jun-2022, up 7.18 per cent from previous quarter’s Rs 1587.0 crore and up 57.65 per cent from the year-ago quarter’s Rs 1079.0 crore. Net profit after tax for the latest quarter stood at Rs 214.0 crore, down 2.28 per cent from the same quarter a year ago.


Technicals
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 topof 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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