Adani Power shares up 0.1% as Nifty gains
Adani Power Ltd. traded 0.1 per cent up in Friday's trade at 12:48PM (IST). Around 195,905 shares changed hands on the counter.
The scrip opened at Rs 375.95 and touched an intraday high and low of Rs 378.95 and Rs 373.25, respectively, in the session so far. The stock of Adani Power Ltd. quoted a 52-week high of Rs 410.0 and a 52-week low of Rs 132.55.
As per BSE, the total market cap of the Adani Power Ltd. stood at Rs 145136.61 crore at the time of writing this report.
Key Financials The company reported consolidated sales of Rs 18109.01 crore for the quarter ended 30-Jun-2023, up 67.75 per cent from previous quarter's Rs 10795.32 crore and up 16.76 per cent from the year-ago quarter's Rs 15509.0 crore.
The net profit for latest quarter stood at Rs 8759.42 crore, up 83.26 per cent from the corresponding quarter last year.
Shareholding pattern As of 31-Mar-2023, domestic institutional investors held 0.04 per cent stake in the company, while foreign institutional investors held 11.95 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 9.87 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.
