Adani Energy Solutions shares in focus today, here's why 

Shares of Adani Energy Solutions Ltd (AESL), earlier known as Adani Transmission are in focus today after the firm said its arm Adani Electricity Mumbai Ltd.Limited (AEML) has concluded $44.661 million open market repurchase of its senior secured notes.

Adani Energy Solutions shares ended on a flat note at Rs 763.10 on BSE on Tuesday. Market cap of the firm stood at Rs 91,669 crore. Total 0.59 lakh shares changed hands amounting to a turnover of Rs 4.54 crore. 

"Adani Electricity Mumbai Ltd.(AEML) refers to the USD 300 Mn 3.867% Senior Secured Notes due 2031 issued on 15 July 2021 (the “Notes”). Adani Electricity Mumbai Ltd. (AEML), the Mumbai distribution arm and a subsidiary of Adani Energy Solutions Ltd. (AESL), has repurchased and cancelled USD 44.661 million of its USD 300 million 3.867% Senior Secured Notes due 2031. The buyback, funded through internal cash flows, reduces the outstanding principal to USD 255.339 million," said Adani Energy 

Adani Energy Solutions shares have a one-year beta of 1.6, indicating high volatility during the period. 

In terms of technicals, the relative strength index (RSI) of Adani Energy Solutions stands at 33.2, signaling it's trading neither in the oversold zone. Adani Energy Solutions stock is trading lower than the 5 day, 10 day, 20 day, 30 day, 50 day, 100 day, 150 day and 200 day moving averages.

Adani Energy Solutions is the country’s largest private transmission company, with a presence across 16 states of India and a cumulative transmission network of 19,800 ckm and 53,000 MVA transformation capacity. In its distribution business, Adani Energy Solutions serves more than 12 million consumers in metropolitan Mumbai and the industrial hub of Mundra SEZ.