Share price of Adani Power falls as Sensex drops 815.88 points
Adani Power Ltd. dropped 2.09 per cent to Rs 366.95 at 02:05PM (IST) in Wednesday's trade.
The stock hit a high of Rs 373.55 and low of Rs 366.5 so far during the session. The stock had closed at Rs 374.8 in the previous session.
The counter had a total traded volume of 02:05PM shares so far with a turnover of Rs 11.89 crore on BSE.
The stock traded at a price-to-earnings multiple of 9.64 and a price-to-book ratio of 4.5.
A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The 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.
Promotor/FII Holding Promoters held 74.97 per cent stake in the company as of 31-Mar-2023, while overseas investors and domestic institutional investors ownership stood at 11.7 per cent and 0.01 per cent, respectively.
Key Financials The firm reported consolidated sales of Rs 18109.01 crore for the quarter ended 30-Jun-2023, up 67.75 per cent from the previous quarter's Rs 10795.32 crore and up 16.76 per cent from the year-ago quarter's Rs 15509.0 crore.
Its profit for the latest quarter stood at Rs 8759.42 crore, up 83.26 per cent from the same quarter a year ago.
