December 8, 2022
  • December 8, 2022

Adani Transmission stock price: Adani Transmission shares fall 0.27% as Nifty gains

By on January 17, 2022 0
The shares of Ltd. traded down 0.27% to Rs 2010.0 on Monday around 11:26 a.m. (IST), while the benchmark BSE Sensex advanced 129.23 points to 61352.26.

As many as 1,004 shares changed hands on the counter with a total value of Rs 0.2 crore.

The stock quoted a 52-week high of Rs 2037.85 and a 52-week low of Rs 400.0.

On the technical charts, the stock’s 200-DMA stood at Rs 1455.61, while the 50-DMA was at Rs 1851.4. 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 at the same time, it is considered as a downtrend and if it is trading between 50 DMA and 200 DMA, it suggests that the stock may go anywhere.

Shares of the company are up 349.46% over the past year, while Sensex is up 34.68% over the same period.

According to BSE data, the stock trades at a price-to-earnings multiple of 165.2 and a price-to-book ratio of 16.41. A higher P/E ratio shows that investors are willing to pay a higher price due to better expectations for future growth. Price to book value indicates the intrinsic value of a company and reflects the price investors are willing to pay even for a company with no growth. The stock belongs to the Power – Transmission industry.