Share price of Adani Green falls as Sensex drops 29.12 points

Share price of Adani Green falls as Sensex drops 29.12 points
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Synopsis

Promoters held 54.92 per cent stake in the company as of 31-Mar-2021, while FII and DII ownership stood at 21.47 per cent and 0.12 per cent, respectively.

Agencies
Mazhar Mohammad of Chartviewindia.in said technical indicators are turning mixed as the weekly MACD chart has generated a 'buy' signal, giving an edge to the bulls.
The share price of Adani Green Energy Ltd. dropped 1.86 per cent to Rs 1001.55 at 02:16PM (IST) in Monday's trade. The stock has hit a high of Rs 1030.0 and low of Rs 1000.0 so far during the session. The stock had closed at Rs 1020.5 in the previous session.

The counter has had a total traded volume of 185577 shares so far with a value of Rs 18.89 crore on the NSE. It traded at a price-to-earnings multiple of 837.74 and a price-to-book ratio of 200.6.

A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.

The scrip gained 168.98 per cent during the past one year, while the 30-share index advanced 42.79 per cent during the same period.

Adani Green Energy Ltd. belongs to the Power Generation - Solar industry.

Promotor/FII Holding
Promoters held 54.92 per cent stake in the company as of 31-Mar-2021, while overseas investors and domestic institutional investors ownership stood at 21.47 per cent and 0.12 per cent, respectively.

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 the previous quarter's Rs 842.92 crore and up 50.56 per cent from the year-ago quarter's Rs 718.67 crore.

Profit for the latest quarter stood at Rs 105.0 crore, up 8.91 per cent from the same quarter a year ago.

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