The stock opened at Rs 85 and touched an intraday high and low of Rs 87.2 and Rs 84, respectively, in the session so far. The stock of Adani Power quoted a 52-week high of Rs 87.2 and a 52-week low of Rs 25.25.
Total market cap of the Adani Power stood at Rs 33632.51 crore at the time of writing this report.
Key Financials
The company reported consolidated sales of Rs 7099.2 crore for the quarter ended 31-Dec-2020, down 19.26 per cent from previous quarter’s Rs 8792.28 crore and down 6.2 per cent from the year-ago quarter’s Rs 6684.52 crore.
The net loss for latest quarter stood at Rs 288.74 crore, down 58.89 per cent from the corresponding quarter last year.
Shareholding pattern
As of 31-Dec-2020, foreign institutional investors held 11.54 per cent and the promoters 46.64 per cent.
Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of -600.04 and a price-to-book ratio of -5.01. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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 belongs to the Power Generation – Thermal industry.
