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    Adani Power shares drop 4.99% as Sensex falls

    Synopsis

    A total of 2,340,646 shares changed hands on the counter till 02:14PM (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.
    Shares of the Adani Power Ltd. traded at Rs 204.75 on BSE at 02:14PM (IST) on Tuesday, down 4.99 per cent. The stock quoted a 52-week low price of Rs 120.3 and a high of Rs 432.8.

    Earlier in the day, the stock saw a gap up opening.

    At the prevailing price, the stock traded at 7.8 times its trailing 12-month EPS of Rs 26.26 per share and 13.0 times its book value, as per BSE data.

    A total of 2,340,646 shares changed hands on the counter till 02:14PM (IST). The stock commands a market value of Rs 78970.82 crore and is part of the Power Generation - Thermal industry.

    The scrip has been an outperformer , up 67.55 per cent in the past one year in comparison with a 5.78 per cent gain in Sensex.

    During the day, the stock moved between Rs 218.0 and Rs 204.75.

    Promoter/FII Holding
    Promoters held 46.64 per cent in the company as of 31-Dec-2022. FII and MF ownership in Adani Power Ltd. stood at 12.88 per cent and 0.0 per cent, respectively.
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