Adani Transmission price up 0.65 per cent as Sensex slides

 

Adani Transmission stock price up 0.65 per cent as Sensex slides

Adani Transmission
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Shares of Adani Transmission Ltd. rose 0.65 per cent to Rs 2370.55 at 10:05AM 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 26,837 shares with a turnover of Rs 6.45 crore till 10:05AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 218.02, 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 2468.8 and a low of Rs 2278.1 during the session and quoted a 52-week high price of Rs 2468.8 and a 52-week low of Rs 715.6.

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 1611.09 on March 04, while the 50-DMA was at Rs 1952.4. 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.


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