The stock price has jumped over 230 percent in the last 9 months and was trading at Rs 125.60, up Rs 19.80, or 18.71 percent. It has touched a 52-week high of Rs 126.50. It has touched an intraday high of Rs 126.50 and an intraday low of Rs 111.50. According to BSE data, the stock traded at a price-to-earnings multiple of 38.3 and a price-to-book ratio of -5.01. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations.
The 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.
Read Also – Whatsapp Secret Chat Automatically Delete
Adani Power Share Price – The company reported quarterly net profit at Rs 13.13 crore in March 2021 up 101 percent from Rs 1,312.90 crore in March 2020. Net sales came in at Rs 6,373.60 crore in March 2021, up 3.26 percent from Rs 6,172.43 crore in March 2020. Recent results of the company point towards growth in operating profit with an increase in operating margins (YoY). The scrip is also showing strong momentum with price above short, medium and long term moving averages.
Read Also – SMtv App – Sandeep Maheshwari New Channel
According to MC Technicals, the moving averages, technical indicator and moving averages crossovers are all bullish with the technical rating being bullish.