Adani Power shares drop 0.25% as Sensex rises
A total of 188,274 shares changed hands on the counter till 01:28PM (IST)
Shares of traded 0.25 per cent down at Rs 760.8 at 01:28PM (IST) on Wednesday, even as benchmark gained 404.13 points to 76860.72. The stock had settled at Rs 762.75 in the previous session.The stock quoted a 52-week high and 52-week low of Rs 896.75 and Rs 230.95, respectively.
As per BSE data, total traded volume on the counter till 01:28PM (IST) stood at 01:28PM shares with turnover at Rs 14.32 crore.
At the current price, shares of the company trades at 14.18 times its trailing 12-month earnings per share of Rs 54.0 per share and 4.77 times its price-to-book value, the exchange data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. 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.
The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 2.84.
Shareholding Details
Promoters held 71.75 per cent stake in the company as of 31-Mar-2024, while FIIs owned 15.91 per cent and DIIs 1.41 per cent.
Source: Stocks-Markets-Economic Times
