Adani Green share price: Adani Green shares 1.78% as Nifty wins

NEW DELHI: Shares of Adani Green Energy Ltd. traded up 1.78% in Wednesday’s trading at 10:56 (IST). Approximately 4,530 shares changed hands over the counter.

The counter opened at Rs 1844.0 and touched an intraday high and low of Rs 1844.0 and Rs 1821.45, respectively, during the session so far. The company shares of Adani Green Energy Ltd. quoted a 52-week high of Rs 2128.9 and a 52-week low of Rs 860.2.

According to BSE, the total market capitalization of Adani Green Energy Ltd. stood at Rs 286,363.19 crore at the time of writing.

Key financial data

The company reported consolidated net sales of Rs 1471.0 crore for the quarter ended December 31, 2021, up 4.25% from Rs 1411.0 crore in the previous quarter and up 74.51% from compared to Rs 842.92 crore in the prior year quarter.

Net profit for the last quarter stood at Rs 49.0 crore, up 11.96% from the corresponding quarter last year.

Ownership model

As of December 31, 2021, domestic institutional investors held 0.14% of the company’s capital, while foreign institutional investors held 16.59% and promoters 54.92%.

Valuation coefficient

According to BSE data, the stock traded at a price-to-earnings multiple of 605.42 and a price-to-book ratio of 200.6. A higher P/E ratio shows that investors are willing to pay a higher price due to better expectations for future growth. The price-to-book ratio indicates the intrinsic value of a company and is the measure of the price that investors are willing to pay even without growth of the company.

Adani Green Energy Ltd. belongs to the Power Generation – Solar sector.

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