Monday, September 12, 2022

Adani Transmission shares down 0.37% as Nifty gains

 A total of 14,333 shares changed hands on the counter till 01:55PM (IST).

NEW DELHI: Shares of Adani Transmission Ltd. traded 0.37 per cent down in Monday's trade at 01:55PM (IST). Around 14,333 shares changed hands on the counter.

The stock opened at Rs 3910.0 and touched an intraday high and low of Rs 3950.0 and Rs 3891.4, respectively, in the session so far. The stock of Adani Transmission Ltd. quoted a 52-week high of Rs 4041.9 and a 52-week low of Rs 1474.0.


As per BSE, the total market cap of the Adani Transmission Ltd. stood at Rs 430905.59 crore at the time of writing this report.

Key Financials

The company reported consolidated net sales of Rs 3249.74 crore for the quarter ended 30-Jun-2022, up 2.67 per cent from previous quarter's Rs 3165.35 crore and up 10.7 per cent from the year-ago quarter's Rs 2935.72 crore.

The net profit for latest quarter stood at Rs 185.99 crore, down 57.28 per cent from the corresponding quarter last year.

Shareholding pattern

As of 31-Mar-2022, domestic institutional investors held 0.15 per cent stake in the firm, while foreign institutional investors held 20.01 per cent and the promoters 65.4 per cent.

Valuation ratio

According to BSE data, the stock traded at a P/E multiple of 451.13 and a price-to-book ratio of 38.05. 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 Transmission Ltd. belongs to the Power - Transmission industry.

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