Adani Power shares down 0.11% as Nifty gains
Adani Power Ltd. traded 0.11 per cent down in Monday's trade at 12:07PM (IST). Around 83,172 shares changed hands on the counter.
The scrip opened at Rs 718.6 and touched an intraday high and low of Rs 722.6 and Rs 712.7, respectively, in the session so far. The stock of Adani Power Ltd. quoted a 52-week high of Rs 896.75 and a 52-week low of Rs 235.7.
Total market cap of the Adani Power Ltd. stood at Rs 277159.63 crore at the time of writing this report.
Key Financials The company reported consolidated sales of Rs 13881.52 crore for the quarter ended 31-Mar-2024, up 3.94 per cent from previous quarter's Rs 13355.27 crore and up 28.59 per cent from the year-ago quarter's Rs 10795.32 crore.
The net profit for latest quarter stood at Rs 2737.24 crore, down 47.79 per cent from the corresponding quarter last year.
Shareholding pattern As of 31-Mar-2024, domestic institutional investors held 1.39 per cent stake in the firm, while foreign institutional investors held 15.91 per cent and the promoters 71.75 per cent.
Valuation ratio According to BSE data, the stock traded at a P/E multiple of 13.31 and a price-to-book ratio of 5.78. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.
Adani Power Ltd. belongs to the Power Generation — Thermal industry.
(You can now subscribe to our ETMarkets Read more on economictimes.indiatimes.com
