The share price of Adani Green Energy Ltd. dropped 2.37 per cent to Rs 2884.1 at 02:04PM (IST) in Wednesday’s trade. The stock has hit a high of Rs 2957.8 and low of Rs 2830.0 so far during the session. The stock had closed at Rs 2954.25 in the previous session.
The counter has had a total traded volume of 70376 shares so far with a value of Rs 20.28 crore on the NSE. It traded at a price-to-earnings multiple of 955.32 and a price-to-book ratio of 200.6.
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 reflects the price investors are willing to pay even for no growth in the business.
The scrip gained 173.57 per cent during the past one year, while the 30-share index advanced 17.11 per cent during the same period.
Adani Green Energy Ltd. belongs to the Power Generation – Solar industry.
Promotor/FII Holding
Promoters held 54.92 per cent stake in the company as of 31-Mar-2022, while overseas investors and domestic institutional investors ownership stood at 16.53 per cent and 0.14 per cent, respectively.
Key Financials
The company reported consolidated net sales of Rs 1471.0 crore for the quarter ended 31-Dec-2021, up 4.25 per cent from the previous quarter’s Rs 1411.0 crore and up 74.51 per cent from the year-ago quarter’s Rs 842.92 crore.
Profit for the latest quarter stood at Rs 49.0 crore, up 11.96 per cent from the same quarter a year ago.
For all the latest Business News Click Here
For the latest news and updates, follow us on Google News.
Denial of responsibility! NewsBit.us is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
