Adani Transmission breaks 4-day losing streak on strong Q3, Adani Enterprises zooms 20%

The stock is locked in 5 percent upper circuit, but is still trading below all its key simple moving averages

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After declining over 32 percent in the past four trading session, Adani Transmission seems to be back in the black on strong results reported for the October-December quarter.

At 10am, the stock was locked at 5 percent upper circuit at Rs 1,319.25, amid heavy volumes of 1.59 million shares. The stock is still trading below all its key simple moving averages (SMA).

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The company posted a massive 78 percent year-on-year growth in consolidated profit at Rs 474.72 crore for the quarter ended December FY23. The results came in on February 6, soon after market close.