Adani Transmission stock price: Adani Transmission stock price up 0.65% as Sensex slips

Shares of Adani Transmission Ltd. rose 0.65% to 2,370.55 rupees at 10:05 a.m. (IST) on Friday. Earlier in the day, the stock saw a gap in early trading.

According to available BSE data, the total amount traded over the counter stood at 26,837 shares with a turnover of Rs 6.45 crore as of 10:05 a.m. (IST). The stock was trading at a price-to-earnings (P/E) multiple of 218.02, while the price-to-book ratio stood at 16.41.

Return on equity (ROE) was 20.1%, according to data from the exchange. 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, which measures its volatility relative to the broader market, was 1.36.

Technical indicators

The 200-DMA (daily 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 is trading above 50-DMA and 200-DMA, it usually means that the immediate trend is up. On the other hand, if the stock is trading below 50-DMA and 200-DMA, it is considered to be in a downtrend. If it is trading between 50-DMA and 200-DMA, it suggests that the stock can go either way.

The relative strength index (RSI) of stood at 71.08. The RSI fluctuates between zero and 100. Traditionally, a stock is considered overbought when the RSI value is above 70 and oversold when it is below 30.

Promoter holder

As of December 31, 2021, promoters held 74.92% of the company’s capital, while foreign investors held 20.8% and domestic institutional investors 2.92%.

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