At 16 Sep 11:06 today, Adani Power shares are trading at price ₹672.35, 6.12% up from the previous closing price. Sensex is trading at ₹82983.17, up by 0.11%. The stock has hit a high of ₹681.3 and a low of ₹650.15 during the day.
On the technical front, the stock is trading above the 5,10,20,300 days SMA & lower than the 50,100 day SMA. The stock will have support at 5,10,20,300 days SMA & face resistance at 50,100 days SMA
The SMA values for the stock are given below :
Days | Simple Moving Average |
---|---|
5 | 636.88 |
10 | 644.31 |
20 | 658.88 |
50 | 687.18 |
100 | 678.91 |
300 | 607.37 |
Till 11 AM today, the volume traded on NSE & BSE for Adani Power was 235.24% higher than the previous trading session. Volume traded is an important indicator along with price to study trends. Positive price movement with higher volume suggests a sustainable upmove, and negative price movement with higher volume might be an indication of further decline in prices.
From a fundamental analysis perspective, the company has a ROE of 57.44%
The company has a 72.71% promoter holding, 0.01% MF holding, & 14.73% FII holding as per filings in the june quarter.
The FII holding has decreased from 15.91% in march to 14.73% in the june quarter.
Adani Power share price up 6.12% today to trade at ₹672.35 while its peers are mixed. Its peers such as JSW Energy are falling today, but its peers Power Grid Corporation Of India, Adani Green Energy, Tata Power are on the rise. Overall, benchmark indices Nifty & Sensex are up 0.19% & 0.11% each respectively.
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