Adani Power shares drop 0.13% as Sensex rises
Adani Power Ltd. traded 0.13 per cent down at Rs 543.9 at 10:50AM (IST) on Thursday, even as BSE benchmark Sensex gained 419.19 points to 71775.79.
The stock had closed at Rs 544.65 in the previous session.
The stock quoted a 52-week high price of Rs 589.3 and 52-week low of Rs 132.55, respectively. As per BSE data, total traded volume on the counter till 10:50AM (IST) stood at 271633 shares with a turnover of Rs 14.89 crore.
At the current price, the stock traded at 10.15 times its trailing 12-month EPS of Rs 53.42 per share and 4.5 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 reflects the price investors are ready to pay even for no growth in the business. The stock's Beta value, which measures its volatility in relation to the broader market, stood at 2.84.
Shareholding Details
Promoters held 46.64 per cent stake in the company as of 30-Sep-2023, while FIIs owned 17.51 per cent and DIIs 0.74 per cent.
Technicals On the technical charts, the relative strength index (RSI) of the stock stood at 66.91. The RSI oscillates between zero and 100.
