Adani Power Ltd up for third straight session

Adani Power Ltd is up for a third straight session today. The stock is quoting at Rs 208, up 1.01% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.24% on the day, quoting at 23325.6. The Sensex is at 74505.4, up 0.26%. Adani Power Ltd has gained around 1.95% in last one month.

Meanwhile, Nifty Energy index of which Adani Power Ltd is a constituent, has gained around 1.21% in last one month and is currently quoting at 37381.75, up 0.75% on the day. The volume in the stock stood at 79.73 lakh shares today, compared to the daily average of 202.46 lakh shares in last one month.

The benchmark September futures contract for the stock is quoting at Rs 208.86, up 1.42% on the day. Adani Power Ltd is up 46.6% in last one year as compared to a 7.9% slide in NIFTY and a 5.37% slide in the Nifty Energy index.

The PE of the stock is 33.01 based on TTM earnings ending June 26.