Espresso Shot of the Day - Adani Power Ltd up by 14.07 percent

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Espresso Shot of the Day - Adani Power Ltd up by 14.07 percent

March 29, 2022
Espresso Shot of the Day - Adani Power Ltd up by 14.07 percent

ADANI POWER LTD 173.55  (+14.07%) BSE – INE814H01011 | 29THMARCH 2022


Adani Power Limited (APL), a part of the diversified Adani Group, is the largest private thermal power producer in India. They 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. They 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, they leveraged the project management skills of the Adani Group to set up their 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 its business model. By navigating the challenges through prudence, persistence, and discipline, they have implemented the best available technologies and practices that can serve as benchmarks for the power industry.


Recent Drivers

  • On Mar 24, 2022, the company signed a Memorandum of Understanding (MoU) with IHI Corporation and Kowa Company (Kowa) for an environmentally sustainable generation.
  • On Mar 23, 2022, the company approved an amalgamation scheme for the merger of its six wholly-owned subsidiaries with itself.
  • On Mar 16, 2022, the company completed the acquisition of Essar Power's 1,200 MW thermal power project in Mahan, Madhya Pradesh.
  • On Feb 08, 2022, the company reported Net Sales of Rs.5, 360.88 crores in December 2021.
  • On Feb 08, 2022, the company reported a Quarterly Net Profit of Rs.218.49 crores in December 2021 up 175.67% from Rs.288.74 crore in December 2020.
  • On Jan 11, 2022, the company approved the appointment of Mr. Shersingh B. Khyalia as a Chief Executive Officer
 (Sources: Business Standard, Moneycontrol, BSE)


Technical Force*

  • S&P BSE 200 month till date gain up by 3.14%
  • Traded on new All-time high value 181.40
  • Spurt in Volume by more than 3.53 times compare to previous vol. 3 months avg. volume: 40,36,894
  • Quantity traded: 1, 60, 83,189 | Deliverable Quantity: 22, 38,780 (13.92%)
  • Stock price jumped by more than 155% from a one-year low level: 69.95 (Aug 24, 2021)
  • Daily RSI (14) is nearby Overbought territory today
  • 52-week-high: 181.40 | 52-week-low: 69.95


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

280.38

223.72

161.73

105.07

43.08

-

-

    -

Fibonacci Pivot

223.72

178.39

150.39

132.36

105.07

77.78

59.74

31.74

    -


Today’s Close

173.55

SMA

BSE

10 DAY

134.97

20 DAY

128.15

50 DAY

120.00

200 DAY

107.49


Some Key Ratios (Source: BSE)

Market Cap: 66,937.18 Crores

PE: -133.47

OPM%: 147.25

ROE%: -2.95

Promoters holding%: 74.97

Prev. Close: 152.15


*Chart and Technical Force data 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.