Adani Green shares gain 5.0% as Sensex rises

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Shares of Adani Green Energy Ltd. traded 5.0 per cent up at Rs 1199.65 at 10:00AM (IST) on Tuesday, even as BSE benchmark Sensex gained 471.12 points to 50051.85. The scrip had closed at Rs 1142.55 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 1341.6 and Rs 219.0, respectively.

As per BSE data, total traded volume on the counter till 10:00AM (IST) stood at 10:00AM shares with turnover at Rs 13.53 crore.

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At the prevailing price, shares of the company trades at 1003.99 times its trailing 12-month earnings per share of Rs 1.19 per share and 31.49 times its price-to-book value, the exchange data showed.

A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. 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.

The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 1.9.

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Shareholding Details

Promoters held 56.29 per cent stake in the company as of 31-Mar-2021, while FIIs owned 21.47 per cent and DIIs 0.3 per cent.

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