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    Adani Green shares up 5.0% as Nifty gains

    Synopsis

    A total of 11,318 shares changed hands on the counter till 10:05AM (IST).

    It is the second largest discount broker at present after Zerodha, which is the largest broker among full service and discount category.
    NEW DELHI: Shares of Adani Green Energy Ltd. traded 5.0 per cent up in Tuesday's trade at 10:05AM (IST). Around 11,318 shares changed hands on the counter.

    The counter opened at Rs 1160.0 and touched an intraday high and low of Rs 1171.6 and Rs 1159.9, respectively, in the session so far. Shares of the company of Adani Green Energy Ltd. quoted a 52-week high of Rs 1394.0 and a 52-week low of Rs 306.1.

    Total market cap of the Adani Green Energy Ltd. stood at Rs 183239.91 crore at the time of writing this report.

    Key Financials
    The company reported consolidated sales of Rs 1082.0 crore for the quarter ended 31-Mar-2021, up 28.36 per cent from previous quarter's Rs 842.92 crore and up 50.56 per cent from the year-ago quarter's Rs 718.67 crore.

    The net profit for latest quarter stood at Rs 105.0 crore, up 8.91 per cent from the corresponding quarter last year.

    Shareholding pattern
    As of 31-Mar-2021, DIIs held 0.12 per cent stake in the company, while foreign institutional investors held 21.47 per cent and the promoters 56.29 per cent.


    Valuation ratio
    According to BSE data, the stock traded at a price-to-earnings multiple of 980.52 and a price-to-book ratio of 31.49. 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 Green Energy Ltd. belongs to the Power Generation - Solar industry.
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