Trending stocks: Adani Power shares jump over 8%

NEW DELHI: Shares of Adani Power Ltd. traded 8.48 per cent up in Tuesday's trade at 11:42AM (IST). Around 1,077,197 shares changed hands on the counter.

The counter opened at Rs 33.1 and touched an intraday high and low of Rs 36.65 and Rs 33.1, respectively, in the session so far. The stock of Adani Power Ltd. quoted a 52-week high of Rs 73.75 and a 52-week low of Rs 24.3.

Total market cap of the Adani Power Ltd. stood at Rs 13865.7 crore at the time of writing this report.


Key Financials
The company reported consolidated sales of Rs 6172.43 crore for the quarter ended 31-Mar-2020, down 6.12 per cent from previous quarter's Rs 6574.82 crore and down 8.17 per cent from the year-ago quarter's Rs 6721.72 crore.

Shareholding pattern
As of 31-Mar-2020, DIIs held 0.92 per cent stake in the firm, while foreign institutional investors held 12.35 per cent and the promoters 46.64 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of -6.1 and a price-to-book ratio of 2.14. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.