Adani Power shares 0.6% as Sensex falls
Adani Power Ltd. traded 0.6 per cent at Rs 524.85 at 10:36AM (IST) on Friday, even as BSE benchmark Sensex 623.55 points to 79320.16. The scrip had settled at Rs 521.70 in the previous session.
The stock quoted a 52-week high and 52-week low of Rs 896.75 and Rs 430.85, respectively.
As per BSE data, total traded volume on the counter till 10:36AM (IST) stood at 10:36AM shares with turnover at Rs 5.40 crore.
At the prevailing price, shares of the company trades at 15.97 times its trailing 12-month earnings per share of Rs 32.98 per share and 5.78 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.
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