Share price of Adani Power falls as Sensex gains 582.4 points
Adani Power Ltd. dropped 0.19 per cent to Rs 390.1 at 12:33PM (IST) in Wednesday's trade. The stock has hit a high of Rs 397.3 and low of Rs 388.1 so far during the session.
The stock had closed at Rs 390.85 in the previous session.
The counter has had a total traded volume of 495802 shares so far with a value of Rs 19.44 crore on the NSE. It traded at a price-to-earnings multiple of 7.31 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 gained 9.64 per cent during the past one year, while the 30-share index advanced 7.85 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 overseas investors and domestic institutional investors ownership stood at 17.51 per cent and 0.74 per cent, respectively.
