Adani Green Share Price: Share price of Adani Green jumps as Sensex drops 449.52 points

Share price of . gained 4.0 per cent to Rs 2507.5 at 10:00AM (IST) in Monday’s trade. The stock hit a high of Rs 2562.25 and low of Rs 2450.0 so far during the session. The stock had closed at Rs 2411.1 in the previous session.

The counter had a total traded volume of 10:00AM shares so far with a turnover of Rs 35.33 crore on BSE. The stock traded at a price-to-earnings multiple of 815.25 and a price-to-book ratio of 251.5.

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.

Smart Talk

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 Green Energy Ltd. belongs to the Power Generation – Solar industry.

Promotor/FII Holding

Promoters held 60.5 per cent stake in the company as of 30-Jun-2022, while FIIs and domestic institutional investors ownership stood at 15.91 per cent and 0.98 per cent, respectively.

Key Financials

The company reported consolidated sales of Rs 1701.0 crore for the quarter ended 30-Jun-2022, up 7.18 per cent from the previous quarter’s Rs 1587.0 crore and up 57.65 per cent from the year-ago quarter’s Rs 1079.0 crore.

Its profit for the latest quarter stood at Rs 214.0 crore, down 2.28 per cent from the same quarter a year ago.

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