Adani Green shares up 0.88% as Nifty gains

NEW DELHI: Shares of Adani Green Energy Ltd. traded 0.88 per cent up in Wednesday's trade at 10:30AM (IST). Around 98,117 shares changed hands on the counter.

The scrip opened at Rs 2000.0 and touched an intraday high and low of Rs 2009.65 and Rs 1988.6, 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 1242.55.

As per BSE, the total market cap of the Adani Green Energy Ltd. stood at Rs 316956.98 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 1686.0 crore for the quarter ended 30-Sep-2022, down 0.88 per cent from previous quarter's Rs 1701.0 crore and down 19.49 per cent from the year-ago quarter's Rs 1411.0 crore.

The net profit for latest quarter stood at Rs 149.0 crore, up 49.0 per cent from the same quarter a year ago.

Shareholding pattern
As of 30-Jun-2022, DIIs held 0.13 per cent stake in the firm, while foreign institutional investors held 15.91 per cent and the promoters 54.22 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 594.67 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.