Adani Power shares up 6.07% as Nifty gains
A total of 960,022 shares changed hands on the counter till 01:19PM (IST).
NEW DELHI: Shares of traded 6.07 per cent up in Tuesday's trade at 01:19PM (IST). Around 960,022 shares changed hands on the counter.The counter opened at Rs 594.45 and touched an intraday high and low of Rs 635.85 and Rs 590.65, respectively, in the session so far. Shares of the company of quoted a 52-week high of Rs 647.0 and a 52-week low of Rs 214.0.
As per , the total market cap of the . stood at Rs 229487.87 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 corresponding quarter last year.
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 46.64 per cent.
Valuation ratio
According to BSE 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
