The stock opened at Rs 754.05 and touched an intraday high and low of Rs 760.0 and Rs 745.7, respectively, in the session so far. Shares of the company of Adani Power Ltd. quoted a 52-week high of Rs 896.75 and a 52-week low of Rs 230.95.
As per BSE, the total market cap of the Adani Power Ltd. stood at Rs 290832.48 crore at the time of writing this report.
Key Financials
The company reported consolidated sales of Rs 13881.52 crore for the quarter ended 31-Mar-2024, up 3.94 per cent from previous quarter’s Rs 13355.27 crore and up 28.59 per cent from the year-ago quarter’s Rs 10795.32 crore.
The net profit for latest quarter stood at Rs 2737.24 crore, down 47.79 per cent from the corresponding quarter last year.
Shareholding pattern
As of 31-Mar-2024, domestic institutional investors held 1.39 per cent stake in the firm, while foreign institutional investors held 15.91 per cent and the promoters 46.64 per cent.
Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 13.96 and a price-to-book ratio of 5.78. 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.
