Share price of Adani Power falls as Sensex gains 201.6 points
A total of 68,287 shares changed hands on the counter till 12:17PM (IST)
Share price of dropped 0.3 per cent to Rs 614.45 at 12:17PM (IST) in Wednesday's trade. The counter hit a high of Rs 622.0 and low of Rs 610.0 so far during the session. The stock had closed at Rs 616.3 in the previous session.The counter had a total traded volume of 12:17PM shares so far with a turnover of Rs 4.2 crore on . The stock traded at a price-to-earnings multiple of 10.28 and a price-to-book ratio of 4.5.
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-Dec-2023, while overseas investors and domestic institutional investors ownership stood at 15.86 per cent and 1.18 per cent, respectively.
Key Financials
The company reported consolidated net sales of Rs 13355.27 crore for the quarter ended 31-Dec-2023, down 10.58 per cent from the previous quarter's Rs 14935.68 crore and down 61.1 per cent from the year-ago quarter's Rs 8290.21 crore.
Its profit for the latest quarter stood at Rs 2737.96 crore, up 31119.61 per cent from the same quarter a year ago.
Source: Stocks-Markets-Economic Times
