Adani Power shares drop 4.98% as Sensex rises

Shares of the Adani Power Ltd. traded at Rs 212.75 on BSE at 02:14PM (IST) on Wednesday, down 4.98 per cent. The stock quoted a 52-week low price of Rs 106.0 and a high of Rs 432.8.

Earlier in the day, the stock saw a gap down opening.

At the prevailing price, the stock traded at 7.94 times its trailing 12-month EPS of Rs 26.81 per share and 13.0 times its book value, as per BSE data.

A total of 1,661,665 shares changed hands on the counter till 02:14PM (IST). The stock commands a market value of Rs 82056.38 crore and is part of the Power Generation - Thermal industry.

The scrip has been an outperformer , up 96.99 per cent in the past one year in comparison with a 3.49 per cent gain in Sensex.

During the day, the stock moved between Rs 223.0 and Rs 212.75.

Promoter/FII Holding
Promoters held 46.64 per cent in the company as of 31-Dec-2022. FII and MF ownership in Adani Power Ltd. stood at 12.53 per cent and 0.0 per cent, respectively.