Adani Transmission Ltd up by 5.62 percent | Espresso

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Espresso Shot of the Day - Adani Transmission Ltd up by 5.62 percent

July 14, 2022
Espresso Shot of the Day - Adani Transmission Ltd up by 5.62 percent

ADANI TRANSMISSION LTD  2884.25  (+5.62%) BSE – INE931S01010| 14th  July 2022

https://www.myespresso.com/images/Binge-graph-image_Adani-Transmission-Ltd-202207141828471734233.jpg

Adani Group’s journey in the transmission sector started in 2006, well before Adani Transmission Limited (ATL) was formally established. This was necessitated by the need to evacuate power from Adani’s Mundra thermal power plant. The dedicated lines, commissioned for evacuation of power spanned more than 3800 km, connecting Mundra – Dehgam, Mundra – Mohindergarh and Tirora – Warora. Today, ATL is the largest private transmission company and operates more than 14,100 ckt km of transmission lines and around 20,400 MVA of power transformation capacity. ATL has further set an ambitious target to set up 20,000 circuit km of transmission lines by 2022 by leveraging both organic and inorganic growth opportunities.


Recent Drivers

  • Adani Transmission Ltd. announced on 5th July 2022 that it will seek shareholders' approval for the proposed related-party transactions worth up to Rs 10,600 crores in 2022-2023.
  • Adani Transmission Limited (ATL) on June 15th 2022, said that its $700 million revolving loan facility has been tagged as a 'green loan' by Sustainalytics. Sustainalytics, a Morningstar Company, provides analytical environmental, social and governance (ESG) research, ratings and data to institutional investors and companies
  • A revolving loan facility is a flexible financing tool that provides the borrower with the ability to draw down or withdraw, repay, and withdraw again. The revolving nature of the facility will help the company to achieve its goal of 20,000 ckt km (circuit kilometres) of transmission lines by 2022.
  • ATL said that it has signed definitive agreements with Essar Power for acquiring 673 ckt km operational inter-state transmission project owned and operated by Essar Power Transmission on June 6th
  • ATL has reported a quarterly Net Profit of Rs.229 crores in March 2022 on May 6th
  • ATL has reported Net Sales of Rs 2,974.73 crores in March 2022, up 9.1% from Rs. 2,726.61 crores in March 2021 on May 6th 2022
(Sources: BSE, Money control, Business Standard, Economics Times)


Technical Force*

  • S&P BSE 200 month till date gain by 2.25
  • 3 months avg. NSE volume: 456,989
  • Quantity traded: 72,802 | Deliverable Quantity: 33,119 (45.49 %)
  • The stock price jumped by 230 % from a one-year low level: 860.50 (August 2nd, 2021)
  • Daily RSI (14) is near overbought territory today
  • 52-week-high: 3000.00 | 52-week-low: 860.50


Key Pivot (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

4005.23

3017.62

2375.23

1387.62

745.23

-

-

-

Fibonacci Pivot

3017.62

2394.96

2010.28

1762.52

1387.62

1012.72

764.96

380.28

250.34


Today’s Close

2884.25

SMA

BSE

10 DAY

2545.62

20 DAY

2382.90

50 DAY

2267.60

200 DAY

2096.74


Some Key Ratios (Source: BSE)

Market Cap: 3,21,735.98 Crores

PE:  -4909.65

OPM%: 62.16

ROE%:  -1.62

Promoters holding%: 74.92

Prev. Close:  2730.85


https://www.myespresso.com/images/espresso_shot_blog_credit_image%20WD-202206271809546799546.jpg

*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.