Espresso Shot of the Day - ADANI GREEN ENERGY LTD up by 9.03 percent

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Espresso Shot of the Day - ADANI GREEN ENERGY LTD up by 9.03 percent

January 11, 2022
Espresso Shot of the Day - ADANI GREEN ENERGY LTD up by 9.03 percent

ADANI GREEN ENERGY LTD 1567.90 (+9.03%) BSE – INE364U01010 | Jan 11, 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 Dec 27, 2021, Adani Green Energy won the Global Sponsor of the Year award from Project Finance International (PFI). 
  • On Dec 14, 2022, Adani Green Energy (AGEL) inked a pact with the state-run Solar Energy Corporation of India (SECI) to supply 4667 MW of green energy.
  • On 28th Oct 2022, the company reported a quarterly net profit of Rs.100 crores in September 2021, up 432.02% from Rs. 18.80 crores in September 2020.
  • The company reported Net Sales of Rs 1,295 crores in September 2021, up 111.63% from Rs. 611.91 crores in September 2020

(Sources: Business Standard)


Technical Force*

  • S&P BSE 100 month till date gain up by 0.34%
  • Traded on All-Time high value 1581.80
  • 3 months avg. NSE volume: 918,550
  • Quantity traded: 94,580 | Deliverable Quantity: 41,133 (43.49%)
  • stock price has jumped more than 80% from a one-year-low level: 860.20 (Aug 11, 2021)
  • Daily RSI (14) is in Overbought territory today
  • 52-week-high: 1581.80 | 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

1567.90

SMA

BSE

10 DAY

1397.81

20 DAY

1397.85

50 DAY

1351.21

200 DAY

1167.54


Some Key Ratios (Source: BSE)

Market Cap:  2,45,221.80 Crores

PE: 715.49

OPM%: 3.51

ROE%: 13.13

Promoters holding%: 60.14

Prev. Close: 1438.00




*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.