Adani Power share price

As of 31-Dec-2022, promoters held 46.64 per cent stake in the company, while FIIs held 12.53 per cent and domestic institutional investors had 0.0 per cent.

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend. The Relative Strength Index (RSI) of the stood at 27.27. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way. The stock traded at a price-to-earnings (P/E) multiple of 9.74, while the price-to-book value ratio stood at 13.0. For fastest news alerts on financial markets, investment strategies and stocks alerts, [subscribe to our Telegram feeds](https://t.me/joinchat/J60pKE7SOStsj5sI8nDmHQ).) The 200-DMA (day moving average) of the stock stood at Rs 316.09 on January 27, while the 50-DMA was at Rs 300.07. The government is likely to put on hold the Insurance Laws (Amendment) Bill, 2022, following demands from the industry for major changes, including dropping the composite licence provision, which allows insurers to undertake general and health insurance via a single entity. The stock hit an intraday high of Rs 250.45 and a low of Rs 248.05 during the session and quoted a 52-week high price of Rs 432.8 and a 52-week low of Rs 102.85. [BSE](/marketstats/pid-41,exchange-bse,sortby-value,sortorder-desc.cms), total traded quantity on the counter stood at 636,875 shares with a turnover of Rs 15.81 crore till 02:03PM (IST).

Adani Enterprises shares slumped 5% amid the ongoing controversy with Hindenburg Research. Other Adani group stocks like Adani Ports, Adani Wilmar, ...

We fully stand by our report and believe any legal action against us would be meritless.” The statement went on to add, “If Adani is serious, it should also file suit in the US where we operate. In a statement issued on Thursday, the group said that it is evaluating relevant provisions under the US and Indian laws for remedial and punitive action against Hindenburg Research. [Adani group](https://www.financialexpress.com/industry/adani-hindenburg-show-off-continues-hindenburg-says-come-see-us-in-us-court-if-you-are-serious-show-docs/2961135/) called the report baseless, and that it had adversely affected its shareholders and investors.

Adani group stocks news: Adani Group shares continued to bleed for a second straight trading session on Friday. Get more Markets News and Business News on ...

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