Trending stocks: Adani Green Energy shares down 1% in early trade

NEW DELHI: Shares of Adani Green Energy traded 1.01 per cent down in Thursday's trade at 09:17 am. Around 18,607 shares changed hands on the counter. The stock opened at Rs 182.3 and touched an intraday high and low of Rs 185.9 and Rs 182.3, respectively, in the session so far.

Arm Kilaj Solar (Maharashtra) has commissioned 50 MW solar power project on Tuesday, said the company in a statement. With this, 2.60 GWac of renewable energy projects are operational.

The stock quoted a 52-week high of Rs 232.15 and a 52-week low of Rs 29.1.


Financials
Adani Green Energy, incorporated in the year 2015, is a Large Cap company (having a market cap of Rs 29380.01 crore) operating in Power sector.

The company reported Rs 128.77 crore loss for the quarter ended 31 December, 2019. For the same quarter, the company has reported Consolidated sales of Rs 501.42 crore, down 25.69 per cent from last quarter Sales of Rs 674.78 crore and up 9.91 per cent from last year same quarter Sales of Rs 456.22 crore.

Adani Green Energy key products/revenue segments include power supply which contributed Rs 317.08 crore to sales value (99.67 per cent of total sales) and other operating revenue which contributed Rs 1.04 crore to sales value (0.32 per cent of total sales)for the year ending 31-mar-2019.

Promoter holding
Promoters held 74.91688 per cent stake in the company as of quarter ended 31st Dec 2019.

Valuation ratio
It quoted a price-to-earnings ratio of -137.57 and price to book value of 35.01.