Share price of Adani Power jumps as Sensex gains 21.81 points

Share price of Adani Power Ltd. gained 1.98 per cent to Rs 336.5 at 10:10AM (IST) in Monday's trade. The counter hit a high of Rs 337.55 and low of Rs 330.35 so far during the session. The stock had closed at Rs 329.95 in the previous session.

The counter had a total traded volume of 10:10AM shares so far with a turnover of Rs 1134.0 crore on BSE. The stock traded at a price-to-earnings multiple of 8.81 and a price-to-book ratio of 4.5.

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 net sales of Rs 18109.01 crore for the quarter ended 30-Jun-2023, up 67.75 per cent from the previous quarter's Rs 10795.32 crore and up 16.76 per cent from the year-ago quarter's Rs 15509.0 crore.

Its profit for the latest quarter stood at Rs 8759.42 crore, up 83.26 per cent from the same quarter a year ago.