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Shares of Adani Transmission Ltd. slipped 4.27 per cent to Rs 2198.0 in Thursday’s trade as of 02:04PM (IST). The stock hit a high price of Rs 2416.0 and low of Rs 2145.0 during the session.

The return on equity (ROE) for the stock stood at 12.15 per cent. Traded volume on the counter stood at 02:04PM shares and turnover at Rs 14.13 crore around that time. The stock of Adani Transmission Ltd. quoted a 52-week high price of Rs 3000.0 and 52-week low prices of Rs 860.5, respectively.

The stock’s Beta value, which measures its volatility in relation to the broader market, stood at 1.36.

Promotor/FII Holding

Promoters held 66.33 per cent stake in the company as of 31-Mar-2022, while FIIs held 20.57 per cent and domestic institutional investors had 0.15 per cent.

Key Financials

The company reported consolidated sales of Rs 3165.35 crore for the quarter ended 31-Mar-2022, up 2.6 per cent from previous quarter’s Rs 3085.2 crore and up 10.08 per cent from the year-ago quarter’s Rs 2875.6 crore. Net profit after tax for the latest quarter stood at Rs 229.59 crore, down 3.7 per cent from the same quarter a year ago.

Technicals
The MACD signalled a bearish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices.

It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on topof the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.

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