Adani Power Share Price: As Nifty rises, Adani Power share price rises by 0.54%.
The stock has a 52-week high of Rs 589.3 and a 52-week low of Rs 132.55.
As of 12:22 PM IST, total trading volume stood at 86,855 shares with a transaction value of Rs 4.5 billion, according to NSE.
The stock had closed at Rs 518.2 in the previous session.
Bonds have gained 1.8% in the past month to date, while the benchmark BSE Sensex has fallen -0.64% during the same period.
According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 9.77 and a price-to-book ratio of 4.5. A higher P/E ratio indicates that investors are willing to pay a higher price for the earnings per rupee that the stock offers due to expectations of better future growth. Price book value represents the intrinsic value of a company and reflects the price investors are prepared to pay even if there is no growth in the business.
The stock belongs to the Power – Heat industry. Promoter/FII holdings
The promoters hold 46.64% stake in the company as on December 31, 2023, while FII and MF ownership in the company is 15.86% and 1.17% respectively.
main financial
The company reported consolidated revenue of Rs 14,935.68 crore for the quarter ended September 30, 2023, a decline of 17.52 per cent compared to Rs 18,109.01 crore in the previous quarter and a decline of 76.84 per cent compared to Rs 8,445.99 crore in the year-ago period. Its net profit in the latest quarter stood at Rs 6594.17 crore, up 848.08% year-on-year.
