Adani Transmission rose 5.51% to Rs 80.40 at 10:29 IST on BSE on bargain hunting after a recent slide.
Meanwhile, the S&P BSE Sensex was down 49.68 points, or 0.17% to 29,593.80.On the BSE, 6.25 lakh shares were traded in the counter so far, compared with average daily volumes of 2.61 lakh shares in the past one quarter. The stock had hit a high of Rs 81.85 and a low of Rs 74.20 so far during the day.
The stock hit a record high of Rs 96 on 10 April 2017. The stock hit a 52-week low of Rs 28.35 on 20 May 2016.
The stock had outperformed the market over the past one month till 12 April 2017, rising 21.53% compared with 0.68% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 29.48% as against Sensex's 8.79% rise.
The mid-cap company has equity capital of Rs 1099.81 crore. Face value per share is Rs 10.
Shares of Adani Transmission fell 18.72% in two trading sessions to settle at Rs 76.20 yesterday, 12 April 2017, from its close of Rs 93.75 on 10 April 2017.
Adani Transmission's consolidated net profit jumped 32.8% to Rs 99.28 crore on 38.5% rise in net sales to Rs 729.22 crore in Q3 December 2016 over Q3 December 2015.
Adani Transmission is into power transmission business and is a part of business conglomerate Adani Group.
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