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The Relative Strength Index of the stock stood at 35.69 on Monday.

Shares of Adani Green have plunged more than 74% since the report was released and hit fresh 52-week lows. The quantum of losses have been similar or a little more for the other group companies.

“The economy is in good shape. Earnings will be strong, I see no reason why the market cannot do well this year even though it is down 3%. It is just the nature of the equity market that it does not always go up in a straight line but over time, it tends to go up. It does not bother me that the Indian market has been flat on an 18-month basis or is down a little bit so far this year.”

The Relative Strength Index (RSI) is placed at 58.3. RSI below 30 is considered oversold and above 70 is considered overbought, Trendlyne data showed. MACD is above its Center Line, but below the signal line.

As of 31-Dec-2022, promoters held 51.36 per cent stake in the company, while FIIs held 12.27 per cent and domestic institutional investors had 3.64 per cent.

The consolidated revenue from operations increased 42% year-on-year (YoY) to 2,062 crore, driven by an increase in merchant subscription revenues, growth in loan distribution and momentum in commerce business.

A total of 12,524 shares changed hands on the counter till 11:43AM (IST)

Apollo Tyres, incorporated in the year 1972, is a Mid Cap company (having a market cap of Rs 19973.92 Crore) operating in Tyres sector.

Divgi is an automotive component maker, having 3 manufacturing and assembling facilities located across India. The company is one of the leading players supplying transfer case systems to automotive original equipment makers in India, and the largest supplier of transfer case systems to passenger vehicle manufacturers in India.

Despite oil inventories in the United States at their highest since May 2021, the U.S. Federal Reserve meeting signalling further monetary tightening and a strong rally in the dollar last week, prices edged higher early on Monday before paring some gains.