Adani Power shares up 0.29% as Nifty drops
A total of 462,652 shares changed hands on the counter till 11:47AM (IST).
NEW DELHI: Shares of traded 0.29 per cent up in Tuesday's trade at 11:47AM (IST). Around 462,652 shares changed hands on the counter.The scrip opened at Rs 716.05 and touched an intraday high and low of Rs 733.0 and Rs 714.75, respectively, in the session so far. The stock of quoted a 52-week high of Rs 896.75 and a 52-week low of Rs 235.7.
Total market cap of the . stood at Rs 279088.1 crore at the time of writing this report.
Key Financials
The company reported consolidated sales of Rs 13881.52 crore for the quarter ended 31-Mar-2024, up 3.94 per cent from previous quarter's Rs 13355.27 crore and up 28.59 per cent from the year-ago quarter's Rs 10795.32 crore.
The net profit for latest quarter stood at Rs 2737.24 crore, down 47.79 per cent from the same quarter a year ago.
Shareholding pattern
As of 31-Mar-2024, domestic institutional investors held 1.39 per cent stake in the company, while foreign institutional investors held 15.91 per cent and the promoters 71.75 per cent.
Valuation ratio
According to data, the stock traded at a P/E multiple of 13.4 and a price-to-book ratio of 5.78. 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
