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Homemarkets newsAdani Transmission Share Price: Share price of Adani Transmission falls as Sensex...

Adani Transmission Share Price: Share price of Adani Transmission falls as Sensex drops 635.65 points

The share price of . dropped 3.89 per cent to Rs 2120.75 at 02:05PM (IST) in Wednesday’s trade. The counter has hit a high of Rs 2219.9 and low of Rs 2083.4 so far during the session. The stock had closed at Rs 2206.5 in the previous session.

The counter has had a total traded volume of 10442 shares so far with a value of Rs 2.24 crore on the NSE. It traded at a price-to-earnings multiple of 194.33 and a price-to-book ratio of 26.32.

A higher price-to-earnings 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 reflects the price investors are willing to pay even for no growth in the business.

The scrip gained 55.65 per cent during the past one year, while the 30-share index slipped -1.62 per cent during the same period.

Adani Transmission Ltd. belongs to the Power – Transmission industry.

Promotor/FII Holding

Promoters held 66.33 per cent stake in the company as of 31-Mar-2022, while overseas investors and domestic institutional investors ownership stood at 20.57 per cent and 0.15 per cent, respectively.

Key Financials

The firm reported consolidated net sales of Rs 3165.35 crore for the quarter ended 31-Mar-2022, up 2.6 per cent from the previous quarter’s Rs 3085.2 crore and up 10.08 per cent from the year-ago quarter’s Rs 2875.6 crore.

Profit for the latest quarter stood at Rs 229.59 crore, down 3.7 per cent from the same quarter a year ago.

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