Adani Power Share Price: Share price of Adani Power jumps as Sensex gains 310.32 points
Share price of Adani Power Ltd. gained 0.34 per cent to Rs 642.85 at 12:26PM (IST) in Wednesday’s trade. The stock hit a high of Rs 648.9 and low of Rs 641.0 so far during the session. The stock had closed at Rs 640.65 in the previous session.
The counter had a total traded volume of 12:26PM shares so far with a turnover of Rs 6.12 crore on BSE. The stock traded at a price-to-earnings multiple of 15.52 and a price-to-book ratio of 5.78.
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 is the measure of the price that investors are ready to pay…
