Adani Power Ltd Share Price – NSE  / BSE

Power Generation & Distribution, Mid Cap

Adani Power has received affirmation in credit ratings for bank loan facilities at CARE AA; Stable/ CARE A1+ while proposed non-convertible debentures have been assigned the rating CARE AA; Stable.

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Adani Power Ltd dropped for a fifth straight session today. The stock is quoting at Rs 509.6, down 2.22% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 1.06% on the day, quoting at 23942.900390625. The Sensex is at 79220.66, down 1.2%.Adani Power Ltd has gained around 7.03% in last one month.Meanwhile, Nifty Energy index of which Adani Power Ltd is a constituent, has eased around 0.36% in last one month and is currently quoting at 35981.8, down 0.89% on the day. The volume in the stock stood at 23.13 lakh shares today, compared to the daily average of 188.62 lakh shares in last one month.

The PE of the stock is 22.7 based on TTM earnings ending September 24.

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Adani Power announced that India Ratings has upgraded the long term credit rating assigned to the term loan and working capital facilities of Adani Power from ”IND AA-/Stable“ to ”IND AA/Stable”. It has also affirmed the credit rating assigned to short term facilities of the Company at “Ind A1+”.

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Net profit of Adani Power declined 49.47% to Rs 3331.80 crore in the quarter ended September 2024 as against Rs 6594.17 crore during the previous quarter ended September 2023. Sales rose 2.68% to Rs 13338.88 crore in the quarter ended September 2024 as against Rs 12990.58 crore during the previous quarter ended September 2023.

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