Adani Green shares gain 1.92% as Sensex rises

Adani Green shares gain 1.92% as Sensex rises
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Synopsis

A total of 5,119 shares changed hands on the counter till 10:30AM (IST)

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Retail and banking stocks rose 0.5 per cent and 0.7 per cent, respectively.
Shares of Adani Green Energy Ltd. traded 1.92 per cent up at Rs 1353.2 at 10:30AM (IST) on Monday, even as BSE benchmark Sensex gained 556.34 points to 58810.16. The scrip had settled at Rs 1327.75 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 1477.65 and Rs 860.2, respectively.

As per BSE data, total traded volume on the counter till 10:30AM (IST) stood at 10:30AM shares with turnover at Rs 0.69 crore.

At the current price, the stock trades at 443.95 times its trailing 12-month EPS of Rs 2.99 per share and 200.6 times its price-to-book value, the exchange data showed.

A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. 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.

The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 1.9.

Shareholding Details
Promoters held 60.14 per cent stake in the company as of 30-Sep-2021, while FIIs owned 17.83 per cent and DIIs 0.31 per cent.

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