Share price of Adani Power falls as Sensex drops 294.7 points
Adani Power Ltd. dropped 4.73 per cent to Rs 322.1 at 01:59PM (IST) in Monday's trade. The scrip has hit a high of Rs 342.0 and low of Rs 317.5 so far during the session.
The stock had closed at Rs 338.1 in the previous session.
The counter has had a total traded volume of 404106 shares so far with a value of Rs 13.15 crore on the NSE. It traded at a price-to-earnings multiple of 8.37 and a price-to-book ratio of 4.5.
A higher price-to-earnings 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 reflects the price investors are willing to pay even for no growth in the business.
The scrip declined 3.17 per cent during the past one year, while the 30-share index advanced 12.98 per cent during the same period.
Adani Power Ltd. belongs to the Power Generation — Thermal industry.
Promotor/FII Holding Promoters held 46.64 per cent stake in the company as of 30-Sep-2023, while FIIs and domestic institutional investors ownership stood at 17.51 per cent and 0.74 per cent, respectively.
