Adani Transmission shares down 2.45% as Nifty drops


NEW DELHI: Shares of Adani Transmission Ltd. traded 2.45 per cent down in Monday’s trade at 01:39PM (IST). Around 21,490 shares changed hands on the counter.

The stock opened at Rs 2704.95 and touched an intraday high and low of Rs 2704.95 and Rs 2581.05, respectively, in the session so far. The stock of Adani Transmission Ltd. quoted a 52-week high of Rs 3000.0 and a 52-week low of Rs 860.5.

As per BSE, the total market cap of the Adani Transmission Ltd. stood at Rs 295914.9 crore at the time of writing this report.

Key Financials

The company reported consolidated net sales of Rs 3085.2 crore for the quarter ended 31-Dec-2021, up 15.33 per cent from previous quarter’s Rs 2675.2 crore and up 12.84 per cent from the year-ago quarter’s Rs 2734.04 crore.

The net profit for latest quarter stood at Rs 267.03 crore, down 32.45 per cent from the corresponding quarter last year.

Shareholding pattern

As of 31-Dec-2021, DIIs held 0.14 per cent stake in the firm, while foreign institutional investors held 20.8 per cent and the promoters 66.33 per cent.

Valuation ratio

According to BSE data, the stock traded at a price-to-earnings multiple of 243.86 and a price-to-book ratio of 16.41. 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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