Finace And Stock

Adani Green shares fall 0.76% as Nifty gains

Shares of Adani Green Energy Ltd. traded 0.76 per cent down at Rs 1143.35 on Monday at around 01:24PM (IST), while the benchmark BSE Sensex advanced 110.61 points to 60159.08.

As many as 13,310 shares changed hands on the counter with a total value of Rs 1.51 crore.

The stock quoted a 52-week high price of Rs 1394.0 and a 52-week low of Rs 627.2.

On the technical charts, the 200-DMA of the stock stood at Rs 1086.76, while 50-DMA was at Rs 1015.35. If a stock trades above 50 DMA and 200 DMA, it usually means the immediate trend is up. On the other hand, if the stock trades below 50 DMA and 200 DMA both, it is considered a bearish trend and if it trades between 50DMA and 200DMA, then it suggests the stock can go anywhere.

Shares of the company have advanced 76.48 per cent in the past one year, while Sensex has risen 54.83 per cent during the same period.

According to BSE data, the stock trades at a price-to-earnings multiple of 461.99 and a price-to-book ratio of 200.6. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price to book value indicates the inherent value of a company and reflects the price that investors are ready to pay even for no growth in a business. The stock belongs to the Power Generation – Solar industry.

Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button

Adblock Detected

Please Disable the Adblocker