Share price of Adani Power falls as Sensex gains 105.33 points
A total of 418,913 shares changed hands on the counter till 01:59PM (IST)
Share price of dropped 2.17 per cent to Rs 590.0 at 01:59PM (IST) in Monday's trade. The scrip hit a high of Rs 605.0 and low of Rs 580.8 so far during the session. The stock had closed at Rs 603.1 in the previous session.The counter had a total traded volume of 01:59PM shares so far with a turnover of Rs 24.68 crore on . The stock traded at a price-to-earnings 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 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 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
