The counter opened at Rs 156 and touched an intraday high and low of Rs 166.9 and Rs 154 respectively, in the session so far. The stock of Adani Power quoted a 52-week high of Rs 166.9 and a 52-week low of Rs 34.35.
Total market cap of the Adani Power stood at Rs 64063.76 crore at the time of writing this report.
Key Financials
The company reported consolidated net sales of Rs 6902.01 crore for the quarter ended 31-Mar-2021, down 2.78 per cent from previous quarter’s Rs 7099.2 crore and down 9.08 per cent from the year-ago quarter’s Rs 6327.57 crore. The net profit for latest quarter stood at Rs 13.13 crore.
Shareholding pattern
As of 31-Mar-2021, foreign institutional investors held 17.05 per cent and the promoters 74.97 per cent.
Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 50.44 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.
belongs to the Power Generation – Thermal industry.
