Adani Transmission shares down 0.74% as Nifty drops

Adani Transmission shares down 0.74% as Nifty drops
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Synopsis

A total of 5,038 shares changed hands on the counter till 01:29PM (IST).

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Nagaraj Shetti, Technical Research Analyst at HDFC Securities, believes Monday's pattern could be considered as a High Wave, which reflects high volatility in the market at swing highs.
NEW DELHI: Shares of Adani Transmission Ltd. traded 0.74 per cent down in Tuesday's trade at 01:29PM (IST). Around 5,038 shares changed hands on the counter.

The stock opened at Rs 2275.0 and touched an intraday high and low of Rs 2287.4 and Rs 2206.55, respectively, in the session so far. Shares of the company of Adani Transmission Ltd. quoted a 52-week high of Rs 2468.8 and a 52-week low of Rs 715.6.

Total market cap of the Adani Transmission Ltd. stood at Rs 247446.27 crore at the time of writing this report.

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.

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

Shareholding pattern
As of 31-Dec-2021, DIIs held 0.14 per cent stake in the firm, while foreign institutional investors held 20.8 per cent and the promoters 74.92 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 203.92 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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