The counter had a total traded volume of 01:24PM shares so far with a turnover of Rs 5.0 crore on BSE. The stock traded at a price-to-earnings multiple of 722.29 and a price-to-book ratio of 114.57.
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.
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.
Promoters held 61.27 per cent stake in the company as of 31-Mar-2022, while overseas investors and domestic institutional investors ownership stood at 16.53 per cent and 0.79 per cent, respectively.
The firm reported consolidated sales of Rs 1587.0 crore for the quarter ended 31-Mar-2022, up 7.89 per cent from the previous quarter’s Rs 1471.0 crore and up 46.67 per cent from the year-ago quarter’s Rs 1082.0 crore.
Its profit for the latest quarter stood at Rs 121.0 crore, up 15.24 per cent from the same quarter a year ago.