Advait Energy Transitions Shares Drop Over 2%, Hit Fresh Intraday Low
Mumbai: Shares of Advait Energy Transitions Ltd (BOM: 543230) faced downward pressure in early trading on the Bombay Stock Exchange (BSE) on Thursday, April 4th. The stock declined more than 2% after opening the session higher.
As of 9:42 am IST, Advait Energy Transitions was trading at 1,234.00 INR. This represents a decrease of 29.80 INR, or 2.36%, compared to its previous closing price of 1,263.80 INR.
The stock initially opened strong at 1,269.40 INR and even touched a day’s high of 1,270.00 INR shortly after the market commenced. However, selling pressure quickly set in, pushing the share price down to a day’s low of 1,215.00 INR before recovering slightly to its current level.
From a valuation perspective, Advait Energy Transitions currently has a market capitalization of 1.33 Thousand Crore INR. The stock’s Price-to-Earnings (P/E) ratio stands at 49.78, and it offers a dividend yield of 0.12%.
Looking at its recent history, the current price places the stock significantly below its 52-week high of 2,260.00 INR. However, it remains above the 52-week low of 1,020.00 INR. Investors are monitoring the stock’s performance following its sharp pullback from the morning’s high.
