Adani Power shares down 0.33% as Nifty drops
Adani Power Ltd. traded 0.33 per cent down in Friday's trade at 12:32PM (IST). Around 32,366 shares changed hands on the counter.
The counter opened at Rs 519.0 and touched an intraday high and low of Rs 523.0 and Rs 515.05, respectively, in the session so far. The stock of Adani Power Ltd. quoted a 52-week high of Rs 589.3 and a 52-week low of Rs 132.55.
As per BSE, the total market cap of the Adani Power Ltd. stood at Rs 200560.82 crore at the time of writing this report.
Key Financials The company reported consolidated net sales of Rs 14935.68 crore for the quarter ended 30-Sep-2023, down 17.52 per cent from previous quarter's Rs 18109.01 crore and down 76.84 per cent from the year-ago quarter's Rs 8445.99 crore.
The net profit for latest quarter stood at Rs 6594.17 crore, up 848.08 per cent from the corresponding quarter last year.
Shareholding pattern As of 30-Sep-2023, domestic institutional investors held 0.74 per cent stake in the firm, while foreign institutional investors held 17.51 per cent and the promoters 46.64 per cent.
Valuation ratio According to BSE data, the stock traded at a price-to-earnings multiple of 9.73 and a price-to-book ratio of 4.5.
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.
