Adani Power Share Price: Current Trends, Financials, and Market Performance

As of the latest trading sessions, Adani Power Ltd.'s share price has been a subject of keen interest among investors. On October 1, 2024, the shares of Adani Power Ltd. traded 0.35% down, despite the Nifty gaining in the same period.

The current share price of Adani Power Ltd. stands at around Rs 653.20 as of October 1, 2024, marking a slight decline from the previous day's closing price of Rs 654.30. The stock has seen significant fluctuations, with an intraday high of Rs 660.6 and a low of Rs 653.0 in recent trading sessions.

Market Capitalization and Key Metrics

Adani Power Ltd. boasts a substantial market capitalization of Rs 2,52,822 crore, placing it among the top players in the power generation sector. The company's Price-to-Earnings (P/E) ratio stands at 15.77, and the Price-to-Book (P/B) ratio is 5.78, indicating investors' expectations of future growth and the company's inherent value.

The company's financial performance has been robust, with consolidated sales of Rs 15,473.95 crore for the quarter ended June 30, 2024, representing an 11.47% increase from the previous quarter and a 14.55% increase from the year-ago quarter. The net profit for the same period was Rs 3,912.79 crore.

52-Week High and Low

Adani Power Ltd.'s share price has witnessed significant volatility over the past year. The 52-week high stands at Rs 896.75, achieved on June 3, 2024, while the 52-week low is Rs 289.30, recorded on October 26, 2023.

Shareholding Pattern

The shareholding pattern of Adani Power Ltd. shows that promoters hold a significant 46.64% stake, while Domestic Institutional Investors (DIIs) and Foreign Institutional Investors (FIIs) hold 1.41% and 14.73%, respectively, as of the quarter ended June 30, 2024.

Performance and Returns

Over the past year, Adani Power Ltd.'s share price has shown a remarkable increase of 77.72%, outperforming the broader market indices. The three-year return stands at an impressive 589.11%, significantly higher than the Nifty 100's return of 46.56% during the same period.

For investors looking to analyze the performance of Adani Power Ltd., key metrics such as the P/E ratio, EPS, and market capitalization are crucial. The company's EPS (TTM) is Rs 41.44, and the Beta value is 1.76, indicating a moderate level of volatility compared to the market.

To understand the broader context of the power generation sector, it is useful to look at the electric power industry and its trends.

In conclusion, Adani Power Ltd.'s share price reflects the company's strong financial performance, significant market presence, and investor confidence. As the energy sector continues to evolve, Adani Power is poised to remain a key player.

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