Adani Green shares up 1.46% as Nifty gains

The stock quoted a 52-week high price of Rs 1394.0 and low of Rs 558.95.

As of 10:42AM (IST), the counter saw total traded volume of 14,332 shares with a traded value of Rs 1.63 crore, according to NSE.

The stock had closed at Rs 1121.6 in the previous session.

The scrip has advanced 21.9 per cent in the past one month till date, while the benchmark BSE Sensex has gained 6.68 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 450.88 while price-to-book ratio stood at 200.6. A higher P/E ratio shows that 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 it reflects the price investors are ready to pay even for no growth in a business.

The stock belongs to the Power Generation – Solar industry.

Promoter/FII Holding
Promoters held 54.92 per cent stake in the company as of 30-Jun-2021, while FII and MF ownership in the firm stood at 20.32 per cent and 0.12 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 1079.0 crore for the quarter ended 30-Jun-2021, down 0.28 per cent from the previous quarter’s Rs 1082.0 crore and down 22.87 per cent from the year-ago quarter’s Rs 878.14 crore. Its net profit for the latest quarter stood at Rs 219.0 crore, up 1033.54 per cent from the same quarter a year ago.