Adani Green shares up 0.13% as Nifty gains

Adani Green shares up 0.13% as Nifty gains
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Synopsis

The stock quoted a 52-week high price of Rs 3048.0 and low of Rs 860.2.

Reuters
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Shares of Adani Green Energy Ltd. rose 0.13 per cent to Rs 2844.0 in Thursday's trade. It hit an intraday high of Rs 2909.15 and low of Rs 2844.0, respectively, during the day.

The stock quoted a 52-week high price of Rs 3048.0 and low of Rs 860.2.

As of 10:51AM (IST), the counter saw total traded volume of 14,321 shares with a traded value of Rs 4.12 crore, according to NSE.

The stock had closed at Rs 2840.2 in the previous session.

The scrip has advanced 47.16 per cent in the past one month till date, while the benchmark BSE Sensex has gained 0.92 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 945.34 while price-to-book ratio stood at 200.6. A higher P/E ratio shows that 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 it reflects the price investors are ready to pay even for no growth in a business.

The stock belongs to the Power Generation - Solar industry.

Promoter/FII Holding
Promoters held 54.92 per cent stake in the company as of 31-Mar-2022, while FII and MF ownership in the firm stood at 16.53 per cent and 0.14 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 1471.0 crore for the quarter ended 31-Dec-2021, up 4.25 per cent from the previous quarter's Rs 1411.0 crore and up 74.51 per cent from the year-ago quarter's Rs 842.92 crore. Its net profit for the latest quarter stood at Rs 49.0 crore, up 11.96 per cent from the same quarter a year ago.

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