Adani Power Shares Sees Growth Close To 19%

Adani Power Ltd. relates to the Power Generation - Thermal industry.

Adani-Power-limited national-stock-exchange Business-news

Shares of Adani Power NSE traded 18.49% up on Monday's trade at 10.24 AM. About 7,767,646 shares were changed on the counter. 

The counter opened with Rs 112.0 and reached an intraday high and low of Rs 126.5 and Rs 111.5, respectively. 

Adani Power Ltd. stock saw a rise of Rs 126.5 in 52 weeks and a 52 week low of Rs 34.35. 

According to BSE, the total market cover of Adani Power Ltd. has seen an increase of Rs 48636.0 crore.

The company recorded close net transactions of Rs 6902.01 crore for the quarter that ended on 31-Mar-2021, down 2.78 per cent from the previous quarter's Rs 7099.2 crore and down 9.08 per cent from the year-ago quarter's Rs 6327.57 crore.

Also Read: PNB’s Q4 net profit rises 16% to Rs 586 crore

The domestic institutional investors as of 31 March 2021, have got a 0.0 per cent stake in the firm, while foreign institutional investors retained 11.49 per cent and the promoters 46.64 per cent.

The BSE data showed that the capital sold at a price-to-earnings multiple of 38.3 and a price-to-book ratio of -5.01. 

A higher P/E rate tells that the investors are ready to pay a larger amount because of favourable future growth expectation. Whereas the price-to-book value displays the inherent worth of the company and the measure of the cost that the investor is willing to spend even if there is no growth in the business.  

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Adani Power Ltd. relates to the Power Generation - Thermal industry.



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