Adani Power shares up 2.65% as Nifty drops
A total of 248,711 shares changed hands on the counter till 10:05AM (IST).
NEW DELHI: Shares of traded 2.65 per cent up in Wednesday's trade at 10:05AM (IST). Around 248,711 shares changed hands on the counter.The scrip opened at Rs 591.95 and touched an intraday high and low of Rs 611.75 and Rs 589.0, respectively, in the session so far. Shares of the company of quoted a 52-week high of Rs 611.75 and a 52-week low of Rs 185.1.
Total market cap of the . stood at Rs 233344.81 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 corresponding quarter last year.
Shareholding pattern
As of 31-Dec-2023, DIIs held 1.17 per cent stake in the firm, while foreign institutional investors held 15.86 per cent and the promoters 71.75 per cent.
Valuation ratio
According to data, the stock traded at a P/E multiple of 10.0 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
