Adani Transmission shares up 1.8% as Nifty gains

Adani Transmission shares up 1.8% as Nifty gains
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Synopsis

A total of 2,074 shares changed hands on the counter till 01:45PM (IST).

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Agarwal said the global economy is showing clear signs of recovery. The second wave of Covid-19 is ebbing in India with total active cases at less than 20 per cent of May highs.
NEW DELHI: Shares of Ltd. traded 1.8 per cent up in Monday's trade at 01:45PM (IST). Around 2,074 shares changed hands on the counter.

The counter opened at Rs 1752.1 and touched an intraday high and low of Rs 1800.5 and Rs 1726.05, respectively, in the session so far. Shares of the company of Adani Transmission Ltd. quoted a 52-week high of Rs 2030.0 and a 52-week low of Rs 400.0.

As per BSE, the total market cap of the Adani Transmission Ltd. stood at Rs 197965.81 crore at the time of writing this report.

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

The net profit for latest quarter stood at Rs 272.57 crore, up 31.83 per cent from the corresponding quarter last year.

Shareholding pattern
As of 30-Sep-2021, domestic institutional investors held 0.12 per cent stake in the firm, while foreign institutional investors held 21.05 per cent and the promoters 66.33 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 147.55 and a price-to-book ratio of 16.41. 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 Transmission Ltd. belongs to the Power - Transmission industry.

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