Adani Power shares drop 0.77% as Sensex falls
A total of 270,739 shares changed hands on the counter till 12:37PM (IST)
Shares of traded 0.77 per cent down at Rs 673.4 at 12:37PM (IST) on Wednesday, even as benchmark dropped 545.78 points to 74624.67. The stock had settled at Rs 678.65 in the previous session.The stock quoted a 52-week high and 52-week low of Rs 720.1 and Rs 230.95, respectively.
As per BSE data, total traded volume on the counter till 12:37PM (IST) stood at 12:37PM shares with turnover at Rs 18.23 crore.
At the current price, the stock trades at 12.54 times its trailing 12-month EPS of Rs 54.0 per share and 4.77 times its price-to-book value, BSE 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
