Adani Power share are up by 0.53%, Nifty up by 0.12%

Adani Power Share Price Today on : At 27 Sep 11:21 today, Adani Power shares are trading at price ₹668.95, 0.53% up from the previous closing price. Sensex is trading at ₹85737.84, down by -0.11%. The stock has hit a high of ₹674 and a low of ₹662.65 during the day.

On the technical front, the stock is trading above the 5,10,20,300 days SMA & lower than the 50,100 day SMA. The stock will have support at 5,10,20,300 days SMA & face resistance at 50,100 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 ₹668.5, ₹672.7, & ₹676.9, whereas it has key support levels at ₹660.1, ₹655.9, & ₹651.7.

Till 11 AM today, the volume traded on NSE & BSE for Adani Power was -78.94% lower 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 displaying strong indications of a trend reversal following a downtrend.

From a fundamental analysis perspective, the company has a ROE of 57.44% .The current P/E of the stock is at 16.25 .

The MF holding has decreased from 0.02% in march to 0.01% in the june quarter.

The FII holding has decreased from 15.91% in march to 14.73% in the june quarter.

Adani Power share price up 0.53% today to trade at ₹668.95 while its peers are mixed. Its peers such as Power Grid Corporation Of India, Adani Green Energy, JSW Energy are falling today, but its peers Tata Power are on the rise. Overall, benchmark indices Nifty & Sensex are down 0.12% & -0.11% each respectively.