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    Share price of Adani Power rises as Nifty weakens

    Synopsis

    A total of 786,397 shares changed hands on the counter till 10:25AM (IST).

    NiftyGetty Images
    India 10-year bond yield rose 0.05 per cent to 6.03 after trading in 6.02-6.04 range.
    Shares of Adani Power Ltd. gained 0.31 per cent to Rs 196.85 in Friday's trade as of 10:25AM (IST).

    The stock hit a high price of Rs 199.7 and low of Rs 193.55 during the session.

    The return on equity (ROE) for the stock stood at 89.48 per cent. Traded volume on the counter stood at 10:25AM shares and turnover at Rs 15.47 crore around that time.

    The stock of Adani Power Ltd. quoted a 52-week high and 52-week low prices of Rs 432.8 and Rs 132.55, respectively.

    The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 2.84.

    Promotor/FII Holding
    Promoters held 74.97 per cent stake in the company as of 31-Mar-2023, while foreign investors held 11.7 per cent and domestic institutional investors had 0.01 per cent.

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

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