Adani Transmission surged as much as 8 %

Established in the year 2013, Adani Transmission Ltd., is a Mid Cap company whose market cap amounts to Rs 6076.45 Cr. and operates in the Power sector.

Adani Transmission Ltd. key Products/Revenue Segments are Caster Oil which provided  Rs 148.54 Cr to Sales Value (54.12 per cent of Total Sales), Transmission Lines, Towers & Structures which contributed Rs 125.91 Cr to Sales Value (45.87 per cent of Total Sales), for the year ending 31^st Mar 2016.

Adani Group's power transmission arm Adani Transmission clocked a standalone net loss of Rs.15 crore for the quarter ended September 30, 2016. Total standalone income from operations is registered at Rs. 192 crore for the quarter as against Rs. 35 crore last year.

The company's finance costs have significantly shot up from Rs. 40.53 crore in second quarter last year, hence putting pressure on the profitability of the company's operations.

On the consolidated basis, the company posted net profit of Rs. 99 crore in second quarter, 39 per cent down from Rs. 162 crore in the same quarter last year. Total income from operations amounted to Rs. 683 crore for the quarter.

Intraday on Tuesday, Adani Transmission share price is currently trading at Rs. 59.80, up by 8 per cent from its previous closing of Rs. 55.20 on the National Stock Exchange. The scrip opened at Rs. 55.85 and has touched a high and low of Rs. 60.35 and Rs. 54.65, respectively. 

Adani Transmission is a multibagger stock for this quarter as recognized by Dynamic Levels, based on their technical and fundamental research, it is seen to have traded in very high volumes. Multibagger stocks have a great potential to grow in the long run.

In order to know about the support and resistance levels of the scrip and also its fundamentals and financials, please a pay a visit to Adani Transmission share price history.