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Adani Green stock price up 7.05 percent

Shares of Adani Green Energy Ltd. rose 7.05 per cent to Rs 2487.9 at 10:00AM hours (IST) on Monday. Earlier in the day, the stock saw a gap up start to the session.

As per data available on BSE, total traded quantity on the counter stood at 84,608 shares with a turnover of Rs 21.03 crore till 10:00AM (IST).

The stock traded at a price-to-earnings (P/E) multiple of 822.66, while the price-to-book value ratio stood at 200.6.

Return on equity (ROE) was at 24.39 per cent, according to exchange data.

The stock hit an intraday high of Rs 2520.0 and a low of Rs 2397.0 during the session and quoted a 52-week high price of Rs 2520.0 and a 52-week low of Rs 860.2.

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 1399.72 on April 11, while the 50-DMA was at Rs 1945.67.

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.

Promoter holding

As of 31-Dec-2021, promoters held 61.27 per cent stake in the company, while foreign institutional investors held 16.59 per cent and domestic institutional investors had 0.62 per cent.

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