Share price of Adani Power falls as Sensex drops 711.3 points
A total of 506,009 shares changed hands on the counter till 11:26AM (IST)
Share price of dropped 0.48 per cent to Rs 721.8 at 11:26AM (IST) in Wednesday's trade. The stock hit a high of Rs 737.85 and low of Rs 714.2 so far during the session. The stock had closed at Rs 725.35 in the previous session.The counter had a total traded volume of 11:26AM shares so far with a turnover of Rs 36.59 crore on . The stock traded at a price-to-earnings multiple of 13.34 and a price-to-book ratio of 5.78.
A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The 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.
Promotor/FII Holding
Promoters held 71.75 per cent stake in the company as of 31-Mar-2024, while foreign investors and domestic institutional investors ownership stood at 15.91 per cent and 1.41 per cent, respectively.
Key Financials
The firm reported consolidated net sales of Rs 13881.52 crore for the quarter ended 31-Mar-2024, up 3.94 per cent from the previous quarter's Rs 13355.27 crore and up 28.59 per cent from the year-ago quarter's Rs 10795.32 crore.
Its profit for the latest quarter stood at Rs 2737.24 crore, down 47.79 per cent from the same quarter a year ago.
Source: Stocks-Markets-Economic Times
