Adani Transmission stock price up 1.98 per cent as Sensex climbs

Shares of Adani Transmission Ltd. rose 1.98 per cent to Rs 2050.0 at 12:49PM hours (IST) on Friday. 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 2,394 shares with a turnover of Rs 0.48 crore till 12:49PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 167.06, while the price-to-book value ratio stood at 16.41.

Return on equity (ROE) was at 20.1 per cent, according to exchange data. The stock hit an intraday high of Rs 2050.0 and a low of Rs 1961.05 during the session and quoted a 52-week high price of Rs 2150.0 and a 52-week low of Rs 449.0.

The stock's beta value, which measures its volatility in relation to the broader market, stood at 1.36.

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 1496.65 on January 28, while the 50-DMA was at Rs 1873.84. 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.

The Relative Strength Index (RSI) of the stood at 66.01. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 31-Dec-2021, promoters held 74.92 per cent stake in the company, while FIIs held 20.8 per cent and domestic institutional investors had 2.92 per cent.