Adani Power Limited up by 4.94 %: Latest Updates | Espresso

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Espresso shot of the day – Adani Power Ltd up by 4.94 percent

March 17, 2021
Espresso shot of the day – Adani Power Ltd up by 4.94 percent

ADANI POWER LTD 87.15 (+4.94%)  BSE – INE814H01011| 17TH MARCH 2021

Adani Power Limited (APL), a part of the diversified Adani Group, is the largest private thermal power producer in India. We have a power generation capacity of 12,450 MW comprising thermal power plants in Gujarat, Maharashtra, Karnataka, Rajasthan, and Chhattisgarh and a 40 MW solar power project in Gujarat. We were the world’s first company to set up a coal-based Supercritical thermal power project registered under the Clean Development Mechanism (CDM) of the Kyoto protocol. Being a new entrant to power generation in 2006, we leveraged the project management skills of the Adani Group to set up our first power plant at Mundra successfully and efficiently. The power sector in India has undergone a challenging period in the past few years, which put to test the resilience of our business model. By navigating the challenges through prudence, persistence and discipline, we have implemented the best available technologies and practices that can serve as benchmarks for the power industry.

Recent Drivers

  • Adani Power Limited reported quarterly net loss at Rs 288.74 crores in December 2020 up 58.89% from Rs 702.35 crores in December 2019.
  • Adani Power Limited reported net sales at Rs 6,894.84 crores in December 2020 up 4.87% from Rs 6,574.82 crores in December 2019.
  • Adani Power Limited, JSW Energy, Ayana Renewable and Evergreen Renewables have emerged winners in SECI’s pure wind energy auction for 1.2 gigawatt (GW) capacity in Karnataka
  • Industrialist Gautam Adani has seen a massive surge in his fortune in 2021, gaining more wealth than the world's richest people Jeff Bezos and Elon Musk. According to the Bloomberg Billionaires Index, Adani's net worth grew by $16.2 billion in 2021 to $50 billion.
(Sources: MoneyControl, The Financial Express)

Technical Force*

  • S&P BSE ALL CAP month till date gain up by 1.29%
  • Traded on new 52- week high 87.20
  • Touched upper circuit 87.20
  • Spurt in volume by more than 1.21 times compares to previous vol. 3 months avg qty – 30,01,094
  • Quantity traded 41,03,873 Deliverable quantity 14,91,758(36.35%)
  • Stock price has jumped more than 220% from one year low level – 24.30 13 March 2020
  • Daily RSI (14) is in overbought territory form 10 periods, RSI central line crossed above central line 32 periods ago
  • 52 -week high – 87.20 | 52- week low- 25.25

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

110.65

88.30

69.00

46.65

27.35

5.00

-

-

Fibonacci Pivot

88.30

72.39

62.56

56.23

46.65

37.07

30.74

20.91

5.00


Today’s Close

87.15

SMA

BSE

10 DAY

77.38

20 DAY

66.73

50 DAY

58.58

200 DAY

43.71

Some Key Ratios (Source: BSE)

Market Cap: 33613.22 crores

PE:

OPM%:

ROE%:

Promoters holding : 74.97

Prev. Close: 83.05

*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.