Adani Power shares down 1.8% as Nifty gains
A total of 125,607 shares changed hands on the counter till 01:38PM (IST).
NEW DELHI: Shares of traded 1.8 per cent down in Thursday's trade at 01:38PM (IST). Around 125,607 shares changed hands on the counter.The counter opened at Rs 550.95 and touched an intraday high and low of Rs 554.5 and Rs 539.05, respectively, in the session so far. The stock of quoted a 52-week high of Rs 589.3 and a 52-week low of Rs 132.55.
As per , the total market cap of the . stood at Rs 209991.04 crore at the time of writing this report.
Key Financials
The company reported consolidated sales of Rs 13355.27 crore for the quarter ended 31-Dec-2023, down 10.58 per cent from previous quarter's Rs 14935.68 crore and down 61.1 per cent from the year-ago quarter's Rs 8290.21 crore.
The net profit for latest quarter stood at Rs 2737.96 crore, up 31119.61 per cent from the same quarter a year ago.
Shareholding pattern
As of 31-Dec-2023, domestic institutional investors held 1.17 per cent stake in the firm, while foreign institutional investors held 15.86 per cent and the promoters 46.64 per cent.
Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 9.0 and a price-to-book ratio of 4.5. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
. belongs to the Power Generation - Thermal industry.
Source: Stocks-Markets-Economic Times
