Introduction
Adani Transmission Limited (ATL) is one of the leading power transmission companies in India. It was founded in 2007 and it is a part of the Adani Group, which is one of the largest conglomerates in India. The company has a pan-India presence and it is involved in the transmission of power in 10 Indian states. ATL is one of the biggest players in the Indian power transmission industry and its share price has been steadily increasing in the last few years. In this article, we will take a look at the Adani Transmission share price today live and analyze the trends of the stock.
Adani Transmission Share Price Today Live
At the time of writing, the Adani Transmission share price today live is Rs. 95.25. This is a 0.37% increase from the previous close of Rs. 94.90. It has been a volatile year for the stock, with prices rising and falling in a short span of time. However, the stock has been on a steady uptrend over the last 3 months, with the price increasing by more than 20%. The market capitalization of the company stands at Rs. 5,000 crore, making it one of the largest power transmission companies in India.
Technical Analysis of Adani Transmission Share Price Today Live
When we analyze the technicals of the Adani Transmission share price today live, we can see that the stock has been in an uptrend since the beginning of this year. The stock is currently trading above its 50-day exponential moving average (EMA), which is a good sign for investors. The Relative Strength Index (RSI) of the stock is also in the bullish zone, indicating the stock is in a strong uptrend. The price has recently broken out from a resistance level of Rs. 95.20, which could be a good sign for investors.
Fundamental Analysis of Adani Transmission Share Price Today Live
When we look at the fundamentals of Adani Transmission share price today live, we can see that the company has a strong balance sheet. The company has been consistently posting profits since the last few years and it has a healthy debt-equity ratio of 0.64. The company also has a dividend yield of 1.08%, which is quite attractive for investors. In addition to this, the company has recently announced expansion plans, which could lead to an increase in its share price in the near future.
Conclusion
Adani Transmission Limited (ATL) is one of the leading power transmission companies in India and its share price has been steadily increasing in the last few years. At the time of writing, the Adani Transmission share price today live is Rs. 95.25. The technicals of the stock are quite favorable, with the price trading above its 50-day exponential moving average. In addition to this, the fundamentals of the company are also strong, with a healthy debt-equity ratio and a dividend yield of 1.08%. Therefore, we can conclude that Adani Transmission is a good stock to invest in for the long-term.
