Adani Green Energy Ltd. advanced nearly 102% in trade since Feb. 27, when the group held the first day of its three-day roadshow in Singapore.
Shares of Adani Green Energy Ltd. advanced 5% to Rs 935.6 apiece in trade on Wednesday. The headline index NSE Nifty 50 was trading higher by 0.21%.
Scrip rose as much as 102.42% intraday, doubling since the group held its roadshow in the Asian financial hubs, when it ended at Rs 462.2 apiece.
Total traded volume stood at 0.6 time its 30-day average. The relative strength index was at 64.5. One analysts tracking the company maintain a 'sell' rating on the stock.
The return potential as calculated by the consensus of analyst estimates, stand at a downside of 61.5% over the next 12 months.
Source: Bloomberg
The broader market indices were trading higher; S&P BSE MidCap was up 0.41% whereas S&P BSE SmallCap was higher by 0.71%.
Seventeen out the 20 sectors compiled by BSE advanced, while S&P BSE Energy, S&P BSE Oil & Gas and S&P BSE Consumer Durables declined.
The market breadth was skewed in the favour of the buyers. About 2,097 stocks rose 1,204 declined, and 156 remained unchanged on the BSE.
The broader market indices were trading higher; S&P BSE MidCap was up 0.51% whereas S&P BSE SmallCap was higher by 0.73%.
All the 20 sectors compiled by BSE advanced, with S&P BSE Information Technology, S&P BSE Teck and S&P BSE Utilities rising the most.
The market breadth was skewed in the favour of the buyers. About 1,836 stocks rose 585 declined, and 105 remained unchanged on the BSE.
Source: BSE
At pre-open, the S&P BSE Sensex Index was up 171 points or 0.29% at 58,245.26 while the NSE Nifty 50 Index was 70 points or 0.41% higher at 17,177.45.
Source: Bloomberg
Sonata Software bags its largest ever contract worth $160 million, or around Rs 1,325-crore, for 10 years with a US-based consumer retail company.
Sonata will be managing end-to-end I.T. modernization and transformation for the client.
Source: Exchange filing
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