Share price of Adani Transmission falls as Sensex drops 741.95 points

Share price of Adani Transmission falls as Sensex drops 741.95 points
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Synopsis

Promoters held 66.33 per cent stake in the company as of 30-Sep-2021, while FII and DII ownership stood at 21.05 per cent and 0.12 per cent, respectively.

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The share price of Ltd. dropped 0.97 per cent to Rs 1734.0 at 01:25PM (IST) in Thursday's trade. The scrip has hit a high of Rs 1763.0 and low of Rs 1670.0 so far during the session. The stock had closed at Rs 1751.05 in the previous session.

The counter has had a total traded volume of 3923 shares so far with a value of Rs 0.66 crore on the NSE. It traded at a price-to-earnings multiple of 142.14 and a price-to-book ratio of 16.41.

A higher P/E 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 282.53 per cent during the past one year, while the 30-share index advanced 30.59 per cent during the same period.

Adani Transmission Ltd. belongs to the Power - Transmission industry.

Promotor/FII Holding
Promoters held 66.33 per cent stake in the company as of 30-Sep-2021, while overseas investors and domestic institutional investors ownership stood at 21.05 per cent and 0.12 per cent, respectively.

Key Financials
The firm reported consolidated net sales of Rs 2675.2 crore for the quarter ended 30-Sep-2021, down 8.87 per cent from the previous quarter's Rs 2935.72 crore and down 15.99 per cent from the year-ago quarter's Rs 2306.45 crore.

Profit for the latest quarter stood at Rs 272.57 crore, up 31.83 per cent from the same quarter a year ago.

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