Adani Power shares down 0.51% as Nifty drops
A total of 438,258 shares changed hands on the counter till 01:38PM (IST).
NEW DELHI: Shares of traded 0.51 per cent down in Thursday's trade at 01:38PM (IST). Around 438,258 shares changed hands on the counter.The stock opened at Rs 646.85 and touched an intraday high and low of Rs 651.6 and Rs 632.0, respectively, in the session so far. Shares of the company of quoted a 52-week high of Rs 651.6 and a 52-week low of Rs 214.0.
Total market cap of the . stood at Rs 246766.95 crore at the time of writing this report.
Key Financials
The company reported consolidated net 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 corresponding quarter last year.
Shareholding pattern
As of 31-Mar-2024, DIIs held 1.39 per cent stake in the firm, 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 9.79 and a price-to-book ratio of 4.77. 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
