Espresso Shot of the Day - Adani Power Ltd up by 4.98 percent

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Espresso Shot of the Day - Adani Power Ltd up by 4.98 percent

May 23, 2022
Espresso Shot of the Day - Adani Power Ltd up by 4.98 percent

ADANI POWER LTD 327.50  (+4.98%) BSE – INE814H01011 | 23RD MAY 2022

https://www.myespresso.com/images/Binge_graph_image_ADANI-POWER-LTD-202205231852024991937.jpg


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 May 23, 2022, Index provider MSCI included Adani Power in its global index. 
  • On May 11, 2022, the company reported Net Sales of Rs.444.04 crores in March 2022, up 28.21% from Rs.346.33 crores in March 2021.
  • On Apr 26, 2022, the company hit the market capitalization of Rs.1 trillion.
  • On Apr 05, 2022, the company received a Rs. 3,000 crores due with interest from Rajasthan's state-owned power distribution companies
  • On Mar 24, 2022, the company signed a Memorandum of Understanding (MoU) with IHI Corporation and Kowa Company (Kowa) for environmentally sustainable generation.
  • On Mar 17, 2022, the company completed the acquisition of Essar Power's 1,200 MW thermal power project in Mahan, Madhya Pradesh.
(Sources: Moneycontrol, Business Standard, Business Line)


Technical Force*

  • S&P BSE 200 month till date gain up by -6.16%
  • Traded on new All-time high value 327.50
  • 3 months avg. NSE volume: 45,915,357
  • Quantity traded: 8, 82,797 | Deliverable Quantity: 4, 58,241 (51.91%)
  • Stock price jumped by more than 360% from a one-year low level: 69.95 (Aug 24, 2021)
  • Daily RSI (14) is nearby Overbought territory today
  • 52-week-high: 327.50 | 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

327.50

SMA

BSE

10 DAY

279.94

20 DAY

281.00

50 DAY

221.04

200 DAY

133.18


Some Key Ratios (Source: BSE)

Market Cap:  1,26,314.75 Crores,

PE: -693.16

OPM%: 34.49

ROE%: -1.08

Promoters holding%: 74.97

Prev. Close: 311.95


*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.