Share price of Adani Power jumps as Sensex gains 12.86 points

Share price of Adani Power Ltd. gained 0.32 per cent to Rs 268.55 at 10:56AM (IST) in Wednesday's trade. The scrip hit a high of Rs 271.4 and low of Rs 265.6 so far during the session. The stock had closed at Rs 267.7 in the previous session.

The counter had a total traded volume of 10:56AM shares so far with a turnover of Rs 3.52 crore on BSE. The stock traded at a price-to-earnings multiple of 9.69 and a price-to-book ratio of 2.47.

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 is the measure of the price that investors are ready to pay even for no growth in the business.

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

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

Key Financials
The company reported consolidated sales of Rs 10795.32 crore for the quarter ended 31-Mar-2023, up 30.22 per cent from the previous quarter's Rs 8290.21 crore and up 18.88 per cent from the year-ago quarter's Rs 13307.92 crore.

Its profit for the latest quarter stood at Rs 5242.48 crore, up 12.85 per cent from the same quarter a year ago.