Adani Green declines 4.93% as Sensex slides

Adani Green declines 4.93% as Sensex slides
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Synopsis

The stock traded at a P/E multiple of 776.65, while the price-to-book value ratio stood at 200.6.

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Agarwal said the global economy is showing clear signs of recovery. The second wave of Covid-19 is ebbing in India with total active cases at less than 20 per cent of May highs.
Shares of Adani Green Energy Ltd. traded at Rs 928.0 on BSE at 03:04PM (IST) on Tuesday, down 4.93 per cent from previous close.

The scrip quoted a 52-week low price of Rs 306.1 and a high of Rs 1394.0.

Earlier, the stock saw a gap down opening in the morning.

A total of 25,288 lakh shares changed hands on the counter till 03:04PM (IST).

The stock of Adani Green Energy Ltd. commanded a market value of Rs 145140.53 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 776.65, 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.

In the BSE500 pack, 84 stocks traded in the green, while 416 stocks were in the red.

The stock's beta value, which measures volatility in relation to the broader market, stood at 1.9.

Promotor/FII Holding
Promoters held 54.92 per cent in Adani Green Energy Ltd. as of 30-Jun-2021 while foreign and domestic institutional investors owned 21.47 per cent and 0.12 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 1054.87 on July 20, while the 50-DMA was at 1145.31. If a stock trades below 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 as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

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