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HomeBanking and financeAdani Green shares fall 2.02 per cent in Wednesday's trading...

Adani Green shares fall 2.02 per cent in Wednesday’s trading session

Shares of Adani Green Power Ltd. fell 2.02 per cent to Rs 1125.45 in Wednesday’s commerce as of 01:59PM (IST) even because the benchmark Nifty dominated at 17503.20, up 123.2 factors.

The scrip had closed at Rs 1148.65 within the earlier session. The inventory quoted a 52-week low of Rs 558.95 and a excessive of Rs 1394.0. The corporate quoted a market-cap of Rs 176405.17 crore on the BSE.

On BSE, 16,902 shares have modified palms on the counter thus far. At its prevailing worth, the inventory traded at 456.34 instances its trailing 12-month EPS of Rs 2.47 per share and 200.6 instances its e book worth. The return on fairness (ROE) stood at Rs 24.39.

Key Financials

For the quarter ended 30-Jun-2021, Adani Inexperienced Power Ltd. reported consolidated gross sales of Rs 1079.0 crore, down 22.87 per cent from the identical quarter a yr in the past. The corporate reported 1033.54 per cent YoY progress in internet revenue at Rs 219.0 crore for the newest quarter.

Technical indicators

The relative energy index (RSI) of the inventory stood at Wednesday. The RSI oscillates between zero and 100. Historically, it’s thought of overbought situation when the RSI worth is above 70 and oversold when it’s beneath 30.

Analysts say the RSI indicator shouldn’t be seen in isolation, because it might not be enough to take a buying and selling name, simply the best way a elementary analyst can not give a “purchase” or “promote” suggestion utilizing a single valuation ratio.

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