Share price of Adani Power jumps as Sensex gains 156.76 points

The share price of Adani Power Ltd. gained 2.21 per cent to Rs 194.25 at 12:03PM (IST) in Thursday's trade. The scrip has hit a high of Rs 197.0 and low of Rs 187.3 so far during the session. The stock had closed at Rs 190.05 in the previous session.

The counter has had a total traded volume of 743119 shares so far with a value of Rs 14.26 crore on the NSE. It traded at a price-to-earnings multiple of 7.37 and a price-to-book ratio of 13.0.

A higher P/E ratio shows 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 reflects the price investors are willing to pay even for no growth in the business.

The scrip declined 20.55 per cent during the past one year, while the 30-share index slipped -1.26 per cent during the same period.

Adani Power Ltd. belongs to the Power Generation - Thermal industry.

Promotor/FII Holding
Promoters held 46.64 per cent stake in the company as of 31-Dec-2022, while foreign investors and domestic institutional investors ownership stood at 12.88 per cent and 0.0 per cent, respectively.

Key Financials
The firm reported consolidated net sales of Rs 8290.21 crore for the quarter ended 31-Dec-2022, down 1.84 per cent from the previous quarter's Rs 8445.99 crore and down 48.21 per cent from the year-ago quarter's Rs 5593.58 crore.

Profit for the latest quarter stood at Rs 8.77 crore, down 95.99 per cent from the same quarter a year ago.