Share price of Ltd. dropped 0.42 per cent to Rs 3611.4 at 10:35AM (IST) in Friday’s trade. The stock hit a high of Rs 3665.0 and low of Rs 3601.1 so far during the session. The stock had closed at Rs 3626.6 in the previous session.
The counter had a total traded volume of 10:35AM shares so far with a turnover of Rs 1.07 crore on BSE. The stock traded at a price-to-earnings multiple of 787.71 and a price-to-book ratio of 97.81.
A higher P/E 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 even for no growth in the business.
Adani Total Gas Ltd. belongs to the Gas Distribution industry.
Promoters held 74.8 per cent stake in the company as of 30-Jun-2022, while overseas investors and domestic institutional investors ownership stood at 17.55 per cent and 5.59 per cent, respectively.
The firm reported consolidated sales of Rs 1051.46 crore for the quarter ended 30-Jun-2022, up 2.86 per cent from the previous quarter’s Rs 1022.2 crore and up 109.22 per cent from the year-ago quarter’s Rs 502.56 crore.
Its profit for the latest quarter stood at Rs 138.37 crore, down 2.95 per cent from the same quarter a year ago.