Espresso Shot of the Day - Adani Green Energy Ltd up by 16.25 percent

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Espresso Shot of the Day - Adani Green Energy Ltd up by 16.25 percent

April 11, 2022
Espresso Shot of the Day - Adani Green Energy Ltd up by 16.25 percent

ADANI GREEN ENERGY LTD 2701.55  (+16.25%) BSE – INE364U01010 | 11THAPRIL 2022


Adani Green Energy Limited (AGEL) is one of the largest renewable companies in India, with a current project portfolio of 13,990 MW. AGEL is part of the Adani Group’s promise to provide a better, cleaner and greener future for India. Driven by the Group’s philosophy of ‘Growth with Goodness’, the Company develops, builds, owns, operates, and maintains utility-scale grid-connected solar and wind farm projects. The electricity generated is supplied to central and state government entities and government-backed corporations.


Recent Drivers

  • On Apr 11, 2022, UAE's International Holding Company (IHC) agreed to invest 7.3 billion dirhams ($2 billion) in three of the Adani group companies through preferential issues.
  • On Mar 21, 2022, Adani Green Energy extended its construction-financing framework to $1.64 billion by raising a $288 million facility for its under-construction renewable asset portfolio through agreements signed with a group of leading international lenders.
  • On Mar 02, 2022, the company announced that it received the Letter of Award (LoA) to set-up a 150 MW solar power project from Punjab State Power Corporation.
  • On Feb 05, 2022, the company raised Rs.612.30 crores through their maiden domestic bond issue on a private placement basis for debt refinancing.
  • On Feb 03, 2022, the company reported Net Sales at Rs.1, 400.00 crores in December 2021, up 87% from Rs.748.65 crores in December 2020.
  • On Feb 03, 2022, the company reported a Quarterly Net Profit of Rs.49.00 crores in December 2021, up 11.96% from Rs.43.76 crores in December 2020.
  • On Dec 27, 2021, the company won the Global Sponsor of the Year award from Project Finance International (PFI).
(Sources: Moneycontrol, Business Standard)


Technical Force*

  • S&P BSE 100 month till date gain up by 2.45%
  • Traded on new All-time high value of 2788.70
  • 3 months avg. NSE volume: 947,603
  • Quantity traded: 3, 85,769 | Deliverable Quantity: 1, 03,309 (26.78%)
  • Stock price has jumped by more than 220% from a one-year low level: 860.20 (Aug 11, 2021)
  • Daily RSI (14) is nearby Overbought territory today
  • 52-week-high: 2788.70 | 52-week-low: 860.20


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

2200.98

1839.32

1583.53

1221.87

966.08

604.42

348.63

    -

Fibonacci Pivot

1839.32

1603.45

1457.73

1363.88

1221.87

1079.85

986.00

840.28

604.42


Today’s Close

2701.55

SMA

BSE

10 DAY

2132.07

20 DAY

2006.73

50 DAY

1950.00

200 DAY

1400.80


Some Key Ratios (Source: BSE)

Market Cap: 4,22,526.28 Crores

PE: 2177.97

OPM%: 10.27

ROE%: 7.43

Promoters holding%: 61.27

Prev. Close: 2323.95



*Chart and Technical Force data from the Binge desktop app
The scope and usability of this information/data is time-sensitive and market-based, and as such the same may become outdated for the investment decisions of clients, for which Sharekhan Comtrade bears no responsibility. References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Sharekhan Comrade Private Limited is under no obligation to update the information in this document from time-to-time.


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.