Adani Green shares gain 2.09% as Sensex rises

Adani Green shares gain 2.09% as Sensex rises
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Synopsis

A total of 6,060 shares changed hands on the counter till 10:15AM (IST)

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Nifty moved in a tight range of 82 points, and ended slightly below the psychologically crucial level of 15,700.
Shares of Adani Green Energy Ltd. traded 2.09 per cent up at Rs 1394.95 at 10:15AM (IST) on Wednesday, even as BSE benchmark Sensex gained 144.47 points to 60000.4. The stock had settled at Rs 1366.45 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 10:15AM (IST) stood at 10:15AM shares with turnover at Rs 0.85 crore.

At the current price, shares of the company trades at 465.98 times its trailing 12-month EPS of Rs 2.99 per share and 200.6 times its price-to-book value, BSE 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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