Adani Power Share Price Today on 29-11-2024: At 29 Nov 11:24 today, Adani Power shares are trading at price ₹554, -1.11% down from the previous closing price. Sensex is trading at ₹79831.04, up by 1%. The stock has hit a high of ₹587.7 and a low of ₹542.45 during the day.
On the technical front, the stock is trading above the 5,10,20 days SMA & lower than the 50,100,300 day SMA. The stock will have support at 5,10,20 days SMA & face resistance at 50,100,300 days SMA
The SMA values for the stock are given below :
The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹586.85, ₹612.2, & ₹640.6, whereas it has key support levels at ₹533.1, ₹504.7, & ₹479.35.
Till 11 AM today, the volume traded on NSE & BSE for Adani Power was 719.38% higher than the previous trading session. Volume traded is an important indicator along with price to study trends. Positive price movement with higher volume suggests a sustainable upmove, and negative price movement with higher volume might be an indication of further decline in prices.
Overall, as per Mint technical analysis, The stock is indicating a trend reversal after a strong downtrend..
From a fundamental analysis perspective, the company has a ROE of 57.44% & ROA of 23.38% respectively.The current P/E of the stock is at 17.17 & P/B is at 3.87.
The company has a 0.00% promoter holding, 1.51% MF holding, & 12.66% FII holding as per filings in the september quarter.
The MF holding has increased from 1.41% in june to 1.51% in the september quarter.
The FII holding has decreased from 14.73% in june to 12.66% in the september quarter.
Adani Power share price down -1.11% today to trade at ₹554 while its peers are mixed. Its peers such as Power Grid Corporation Of India, Tata Power are falling today, but its peers NTPC, Adani Green Energy are on the rise. Overall, benchmark indices Nifty & Sensex are up 0.88% & 1% each respectively.
