Share price of Adani Transmission rises as Nifty strengthens

Share price of Adani Transmission rises as Nifty strengthens
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Synopsis

A total of 10,623 shares changed hands on the counter till 11:42AM (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 Transmission Ltd. gained 4.26 per cent to Rs 2259.1 in Thursday's trade as of 11:42AM (IST).

The stock hit a high price of Rs 2268.9 and low of Rs 2164.5 during the session.

The return on equity (ROE) for the stock stood at 20.1 per cent. Traded volume on the counter stood at 11:42AM shares and turnover at Rs 2.36 crore around that time.

The stock of Adani Transmission Ltd. quoted a 52-week high and 52-week low prices of Rs 2468.8 and Rs 715.6, respectively.

The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 1.36.

Promotor/FII Holding
Promoters held 74.92 per cent stake in the company as of 31-Dec-2021, while overseas investors held 20.8 per cent and domestic institutional investors had 2.92 per cent.

Key Financials
The company reported consolidated sales of Rs 3085.2 crore for the quarter ended 31-Dec-2021, up 15.33 per cent from previous quarter's Rs 2675.2 crore and up 12.84 per cent from the year-ago quarter's Rs 2734.04 crore.

Net profit after tax for the latest quarter stood at Rs 267.03 crore, down 32.45 per cent from the same quarter a year ago.

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