The counter opened at Rs 112.0 and touched an intraday high and low of Rs 126.5 and Rs 111.5, respectively, in the session so far. The stock of Adani Power Ltd. quoted a 52-week high of Rs 126.5 and a 52-week low of Rs 34.35.
As per BSE, the total market cap of the Adani Power Ltd. stood at Rs 48636.0 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.
Shareholding pattern
As of 31-Mar-2021, domestic institutional investors held 0.0 per cent stake in the company, while foreign institutional investors held 11.49 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 38.3 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 Ltd. belongs to the Power Generation – Thermal industry.
