Adani Power shares drop 0.4% as Sensex falls
A total of 215,762 shares changed hands on the counter till 01:33PM (IST)
Shares of traded 0.4 per cent down at Rs 590.0 at 01:33PM (IST) on Friday, even as benchmark dropped 466.06 points to 73873.38. The stock had settled at Rs 592.4 in the previous session.The stock quoted a 52-week high and 52-week low of Rs 647.0 and Rs 203.15, respectively.
As per BSE data, total traded volume on the counter till 01:33PM (IST) stood at 01:33PM shares with turnover at Rs 12.81 crore.
At the prevailing price, the stock trades at 9.79 times its trailing 12-month EPS of Rs 60.5 per share and 4.5 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
