Share price of Adani Green rises as Nifty weakens

Share price of Adani Green rises as Nifty weakens
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Synopsis

A total of 19,349 shares changed hands on the counter till 10:30AM (IST).

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Nagaraj Shetti, Technical Research Analyst at HDFC Securities, believes Monday's pattern could be considered as a High Wave, which reflects high volatility in the market at swing highs.
Shares of . gained 1.05 per cent to Rs 2376.75 in Tuesday's trade as of 10:30AM (IST).

The stock hit a high price of Rs 2410.0 and low of Rs 2366.55 during the session.

The return on equity (ROE) for the stock stood at 41.09 per cent. Traded volume on the counter stood at 10:30AM shares and turnover at Rs 4.62 crore around that time.

The stock of Adani Green Energy Ltd. quoted a 52-week high and 52-week low prices of Rs 3048.0 and Rs 1080.0, respectively.

The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 1.9.

Promotor/FII Holding
Promoters held 60.5 per cent stake in the company as of 30-Jun-2022, while foreign investors held 15.91 per cent and domestic institutional investors had 0.98 per cent.

Key Financials
The company reported consolidated sales of Rs 1701.0 crore for the quarter ended 30-Jun-2022, up 7.18 per cent from previous quarter's Rs 1587.0 crore and up 57.65 per cent from the year-ago quarter's Rs 1079.0 crore.

Net profit after tax for the latest quarter stood at Rs 214.0 crore, down 2.28 per cent from the same quarter a year ago.
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