/ Adani Transmission Witnesses Surge Of More Than 28% In Four Sessions ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Friday, 7 April 2017

Adani Transmission spiked to its current ruling price of Rs 82.75 from its closing price of Rs 64.35 on March 31, 2017. The stock has witnessed a surge of more than 28% in four sessions. 

The counter witnessed a high footfall. On BSE, 8.3 lakh shares were traded in the counter so far as against an average daily volume of 1.83 lakh shares in the past one-quarter. The stock had touched an intraday high of  Rs 83.25 during the intraday trade on Friday, which also created a new record for the stock. The stock plunged to Rs 74.65 during the day and took a nosedive to Rs 28.35 on May 20, 2016.

The staggering performance of the stock has outperformed the market in the past one month till April 6, 2017. The stock gained 21.41% by toppling Sensex’s gain of 3.03%. This mid-cap company has an equity capital of 1099.81 crores. The company recently bagged three letter intents from RVPN (Rajasthan Rajya Vidyut Prasaran Nigam Limited) to construct, own, operate and maintain three transmission projects in the state of Rajasthan.

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