Adani Transmission shares fall 1.6 per cent in Thursday's trading session

Adani Transmission shares fall 1.6 per cent in Thursday's trading session
ETMarkets.com
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Synopsis

The Relative Strength Index of the stock stood at 38.7 on Thursday.

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India 10-year bond yield fell 0.41 per cent to 5.89 after trading in 5.87-5.91 range
Shares of . fell 1.6 per cent to Rs 2285.65 in Thursday's trade as of 12:28PM (IST) even as the benchmark Nifty ruled at 15868.25, down 372.05 points.

The scrip had closed at Rs 2322.7 in the previous session. The stock quoted a 52-week low of Rs 860.5 and a high of Rs 3000.0. The company quoted a market-cap of Rs 251306.6 crore on the BSE.

On BSE, 9,810 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 208.62 times its trailing 12-month EPS of Rs 10.95 per share and 26.32 times its book value. The return on equity (ROE) stood at Rs 12.15.

Key Financials
For the quarter ended 31-Mar-2022, Adani Transmission Ltd. reported consolidated sales of Rs 3165.35 crore, up 10.08 per cent from the same quarter a year ago. The company reported 3.7 per cent YoY de-growth in net profit at Rs 229.59 crore for the latest quarter.

Technical indicators
The relative strength index (RSI) of the stock stood at Thursday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.

Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.
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