Adani Green shares up 0.66% as Nifty gains

NEW DELHI: Shares of Adani Green Energy Ltd. traded 0.66 per cent up in Friday's trade at 11:21AM (IST). Around 34,200 shares changed hands on the counter.

The counter opened at Rs 2150.05 and touched an intraday high and low of Rs 2151.0 and Rs 2095.2, respectively, in the session so far. Shares of the company of Adani Green Energy Ltd. quoted a 52-week high of Rs 3048.0 and a 52-week low of Rs 1106.0.

Total market cap of the Adani Green Energy Ltd. stood at Rs 332543.86 crore at the time of writing this report.

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

The net profit for latest quarter stood at Rs 214.0 crore, down 2.28 per cent from the corresponding quarter last year.

Shareholding pattern
As of 30-Jun-2022, domestic institutional investors held 0.13 per cent stake in the company, while foreign institutional investors held 15.91 per cent and the promoters 60.5 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 687.07 and a price-to-book ratio of 251.5. 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 Green Energy Ltd. belongs to the Power Generation - Solar industry.