ADANI POWER drops on profit booking

Posted on Updated on

Money Maker ResearchAdani Power Ltd  lost 4.46% to Rs 38.60 at 3.25 pm on BSE on profit booking. It gained 9.78% in the previous three trading sessions to settle at Rs 40.40 yesterday, 7 March 2017.
The stock had hit a 52-week high of Rs 41.30, on 7 March 2017 and a 52-week low of Rs 23.35 on 9 Nov 2016. The stock did better than the market over the past one month till 7 March 2017, advancing 8.46% compared with the Sensex 1.97% rise. Adani Power reported consolidated net loss of Rs 323.61 crore in December third quarter, 2016, vis-a-vis the net profit of Rs 109.49 crore in quarter third December 2015.
Adani Power Ltd is the largest private thermal power major in India with an installed capacity of 10,480 megawatt.
Coming to the afternoon benchmark indices update,  At 3.28 pm, the BSE Sensex was trading at 28,862, down 136.72 points, while the broader Nifty50 was ruling at 8,913.80, down 33.10 points.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s