Stocks

Adani Green Share Price: Adani Green shares fall 4.07% as Nifty gains

Shares of . traded 4.07 per cent down at Rs 2417.0 on Tuesday at around 02:11PM (IST), while the benchmark BSE Sensex advanced 271.0 points to 59044.87.

As many as 216,903 shares changed hands on the counter with a total value of Rs 52.67 crore.

The stock quoted a 52-week high price of Rs 3048.0 and a 52-week low of Rs 915.0.

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On the technical charts, the 200-DMA of the stock stood at Rs 1924.28, while 50-DMA was at Rs 2051.9. If a stock trades above 50 DMA and 200 DMA, it usually means the immediate trend is up. On the other hand, if the stock trades below 50 DMA and 200 DMA both, it is considered a bearish trend and if it trades between 50DMA and 200DMA, then it suggests the stock can go anywhere.

Shares of the company have advanced 159.74 per cent in the past one year, while Sensex has risen 8.5 per cent during the same period.

According to BSE data, the stock trades at a price-to-earnings multiple of 791.64 and a price-to-book ratio of 251.5. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price to book value indicates the inherent value of a company and reflects the price that investors are ready to pay even for no growth in a business. The stock belongs to the Power Generation – Solar industry.


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