Adani Power stock price: Adani Power stock price rose 1.13% on higher Nifty.
The stock opened at Rs 546.7 and has hit intraday highs and lows of Rs 554.65 and Rs 541.6 respectively in the session so far. Shares of Adani Power Ltd. hit a 52-week high of Rs 589.3 and a 52-week low of Rs 132.55.
At the time of writing this report, the total market capitalization of Adani Power Ltd. was Rs 210974.56 crore.
main financial
The company reported consolidated net sales 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 quarter.
Its net profit in the latest quarter stood at Rs 6594.17 crore, up 848.08% year-on-year.
stock holding pattern
As of September 30, 2023, DII holds 0.74% of the company’s shares, while foreign institutional investors hold 17.51% and promoters hold 70.02%.
Evaluation ratio
The stock traded at a price-to-earnings multiple of 10.24 and a price-to-book ratio of 4.5, according to BSE data. A higher P/E ratio indicates that investors are willing to pay a higher price due to expectations of better future growth. Price book value represents the intrinsic value of a company and measures the price investors are prepared to pay even if the company does not grow.
Adani Power Ltd. belongs to the Power – Heat industry.
