Share price of Adani Power jumps as Sensex gains 391.74 points

economictimes.indiatimes.com:

Adani Power Ltd. gained 0.96 per cent to Rs 641.65 at 12:38PM (IST) in Tuesday's trade. The counter hit a high of Rs 641.9 and low of Rs 634.2 so far during the session. The stock had closed at Rs 635.5 in the previous session.
The counter had a total traded volume of 12:38PM shares so far with a turnover of Rs 13.87 crore on BSE. The stock traded at a price-to-earnings multiple of 15.43 and a price-to-book ratio of 5.78.

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.

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Promotor/FII Holding Promoters held 72.71 per cent stake in the company as of 30-Jun-2024, while FIIs and domestic