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    Adani Power shares gain 0.55% as Sensex falls

    Synopsis

    A total of 187,746 shares changed hands on the counter till 11:42AM (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 274.9 on BSE at 11:42AM (IST) on Tuesday, up 0.55 per cent. The stock quoted a 52-week low price of Rs 132.55 and a high of Rs 432.8.

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

    At the prevailing price, the stock traded at 6.98 times its trailing 12-month EPS of Rs 38.13 per share and 4.5 times its book value, as per BSE data.

    A total of 187,746 shares changed hands on the counter till 11:42AM (IST). The stock commands a market value of Rs 102652.43 crore and is part of the Power Generation - Thermal industry.

    The scrip has been an underperformer , down 16.34 per cent in the past one year in comparison with a 12.78 per cent gain in Sensex.

    During the day, the stock moved between Rs 276.4 and Rs 272.45.

    Promoter/FII Holding
    Promoters held 46.64 per cent in the company as of 31-Mar-2023. FII and MF ownership in Adani Power Ltd. stood at 11.95 per cent and 0.04 per cent, respectively.
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