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1 Comment
Adani Power Limited is currently in a long term uptrend where the price is trading 55.2% above its 200 day moving average.
From a valuation standpoint, the stock is 69.2% cheaper than other stocks from the Utilities sector with a price to sales ratio of 1.4.
Adani Power Limited's total revenue rose by 4.9% to $69B since the same quarter in the previous year.
Its net income has increased by 58.9% to $-3B since the same quarter in the previous year.
Finally, its free cash flow fell by 44.4% to $20B since the same quarter in the previous year.
Based on the above factors, Adani Power Limited gets an overall score of 4/5.
ISIN | INE814H01011 |
---|---|
Exchange | NSE |
CurrencyCode | INR |
Sector | Utilities |
Industry | Utilities - Independent Power Producers |
Market Cap | 2T |
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Beta | 0.2 |
Target Price | 618.3333 |
PE Ratio | 17.92 |
Dividend Yield | None |
Adani Power Limited engages in the generation, transmission, and sale of electricity under long term power purchase agreements (PPA), supplemental PPA, medium and short term PPA, and on merchant basis in India. The company generates electricity through thermal energy sources through various power projects with a combined installed and commissioned capacity of 15,250 MW. It operates various coal based power plants comprising 4,620 MW at Mundra, Gujarat; 3,300 MW at Tiroda, Maharashtra; 1,320 MW at Kawai, Rajasthan; 1,200 MW at Udupi, Karnataka; 600 MW at Raigarh, Chhattisgarh; 1,370 MW at Raipur, Chhattisgarh; 1,200 MW at Singrauli, Madhya Pradesh; and 1600 MW at Godda, Jharkhand. The company also operates solar based power plant comprising 40 MW at Bitta, Gujarat. In addition, it engages in coal trading business. Adani Power Limited was founded in 1988 and is headquartered in Ahmedabad, India.
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