Adani Green shares gain 2.73% as BSE Sensex rises

According to BSE statistics, the company’s shares are currently trading at 703.65 times its trailing 12-month earnings per share of Rs 3.13 per share and 114.57 times its price-to-book value.

At 10:00 a.m. (IST) on Wednesday, Adani Green Energy Ltd NSE 2.28 percent was trading 2.73 percent higher at Rs 2196.45, despite the BSE benchmark Sensex rising 14.3 points to 54066.91. In the previous session, the stock had finished at Rs 2138.15.

The stock has a 52-week high of Rs 3048.0 and a 52-week low of Rs 860.2, respectively.

According to BSE statistics, the total traded volume on the counter was 10:00 AM shares with a turnover of Rs 9.91 crore as of 10:00AM (IST).

According to BSE statistics, the company’s shares are currently trading at 703.65 times its trailing 12-month earnings per share of Rs 3.13 per share and 114.57 times its price-to-book value.

A higher P/E ratio indicates that investors are willing to pay a higher share price today due to future growth forecasts. The price-to-book value ratio reveals a firm’s intrinsic value and is a measure of how much investors are willing to pay even if the company doesn’t grow.

The stock’s Beta value, which measures its volatility in respect to the overall market, was 1.9.

Information on Shareholders

As of 31-Mar-2022, promoters owned 61.27 percent of the company, FIIs 16.53 percent, and DIIs 0.79 percent.

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