Trending stocks: Adani Green Energy share price up 1%

NEW DELHI: Shares of Adani Green Energy Ltd. traded 0.48 per cent up in Tuesday 's trade at 11:45AM (IST). Around 362395 shares changed hands on the counter.

The scrip opened at Rs 215.0 and touched an intraday high and low of Rs 216.0 and Rs 210.0 , respectively, in the session so far. Shares of the company quoted a 52-week high of Rs 243.75 and a 52-week low of Rs 35.6 .

Adani Green Energy Ltd., incorporated in the year 2015, is a Large Cap company (having a market cap of Rs 32758.28 Crore) operating in Power sector.

The company posted a consolidated net profit of Rs 55.64 crore for the March 2020 quarter, helped by lower expenses. The company plans to invest Rs 10,000 crore in capital expenditure in the financial year 2020-21, but expects project execution to be delayed on account of the disruption caused by the Covid-19 pandemic.


Key Financials
The company reported consolidated sales of Rs 692.6677 crore for the quarter ended 31-Mar-2020 , up 38.14 per cent from previous quarter's Rs 501.425 crore and up 1.72 per cent from the year-ago quarter's Rs 680.9532 crore.

Shareholding pattern
As of 31-Dec-2019 , domestic institutional investors held 2.07 per cent stake in the firm , while foreign institutional investors held 20.8 per cent and the promoters 58.51 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of -1417.76 and a price-to-book ratio of 39.26 . 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.