Hot Pursuit     19-Dec-22
Orient Green Power jumps 37% in four days
Orient Green Power Company rallied 12.38% to Rs 12.44, extending gains for the fourth trading session.
Shares of Orient Green Power Company surged 37% in four consecutive sessions.

On the BSE, 50.83 lakh shares were traded in the counter so far compared with average daily volumes of 30.61 lakh shares in the past two weeks. The stock hit a high of Rs 12.90 and a low of Rs 11.21 so far during the day.

The stock hit 52-week high of Rs 28.75 on 12 January 2022. The stock hit a 52-week low of Rs 6.80 on 21 June 2022.

The stock had outperformed the market over the past one month, surging 48.98% compared with 0.21% fall in the Sensex.

The counter had outperformed the market in past one quarter, advancing 38.53% as against Sensex's 4.05% rise.

The scrip had underperformed the market in past one year, falling 7.85% as against Sensex's 7.94% rise.

On the technical front, the stock's daily RSI (relative strength index) stood at 83.284. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.

On the daily chart, the stock was trading above its 50-day, 100-day and 200-day simple moving average (SMA) placed at 8.87, 9.07 and 9.89 respectively.

Orient Green Power Copmany is engaged in the business of generation and sale of power using renewable energy sources i.e., wind energy.

The company's consolidated net profit declined 45.1% to Rs 33.84 crore on 6.3% decrease in Net sales to Rs 107.82 crore in Q2 FY23 over Q2 FY22.

Previous News
  Orient Green Power Company consolidated net profit rises 67.84% in the December 2022 quarter
 ( Results - Announcements 31-Jan-23   07:38 )
  Orient Green Power Company consolidated net profit declines 45.08% in the September 2022 quarter
 ( Results - Announcements 02-Nov-22   17:01 )
  Orient Green Power Company reports standalone net loss of Rs 3.34 crore in the September 2021 quarter
 ( Results - Announcements 10-Nov-21   15:45 )
  Jaiprakash Power Ventures Ltd Slips 3.49%, S&P BSE Utilities index Shed 1.58%
 ( Hot Pursuit - 19-Apr-24   09:30 )
  Orient Green board to decide rights issue terms
 ( Hot Pursuit - 13-Dec-23   10:39 )
  Waaree Renewables Technologies Ltd Spikes 5%, S&P BSE Utilities index Rises 1.51%
 ( Hot Pursuit - 18-Apr-24   09:30 )
  Board of Orient Green Power Company approves rights issue of up to Rs 230 cr
 ( Corporate News - 20-Apr-22   09:37 )
  Orient Green Power Company provides corporate guarantee for Rs 726.11 on behalf of subsidiary
 ( Corporate News - 03-Apr-23   19:32 )
  Orient Green Power Company reports consolidated net profit of Rs 82.88 crore in the September 2016 quarter
 ( Results - Announcements 24-Nov-16   17:51 )
  Orient Green Power Company consolidated net profit rises 3.36% in the September 2019 quarter
 ( Results - Announcements 13-Nov-19   15:26 )
  Orient Green Power Company reports consolidated net loss of Rs 2.99 crore in the June 2018 quarter
 ( Results - Announcements 27-Jul-18   16:56 )
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