Adani Transmission hits new 52-w high
DSIJ Intelligence / 23 Nov 2016
Adani Transmission has hit new 52-week high on November 23 on high volume. Thirty-day SMA is at 44.27 indicating bullishness in the stock. The shares of the company which previously closed at Rs 46.60, opened one per cent higher and as at 12.06 pm are trading at Rs 53.40, up by 14.59 per cent.
Adani Transmission has hit new 52-week high on November 23 on high volume. Thirty-day SMA is at 44.27 indicating bullishness in the stock. The shares of the company which previously closed at Rs 46.60, opened one per cent higher and as at 12.06 pm are trading at Rs 53.40, up by 14.59 per cent. The shares of Adani Transmission in the last three months have surged by over 40 per cent. In the last one year the shares have surged by over 86 per cent.
On the financial front, Adani Transmission in Q2 has reported a net loss of Rs 15 crores as against the net loss of Rs 18 crores in the corresponding quarter last year. Total standalone income from operations stands at Rs 192 crore for the quarter as against Rs 35 crores last year.
Adani Transmission in October this year has bought the transmission assets of Reliance Infrastructure in a deal which is expected to be completed in current financial year. It also completed the acquisition of the GMR Energy transmission assets, which it bought in July this year.
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