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Today, Adani Transmission Ltd’s shares have to quote Rs 3845, up 2.5 per cent on NSE. In the last year, the stock is up 155.42 per cent compared to a 2.44 per cent spurt in NIFTY and a 36.68 per cent spurt in Nifty Auto. The benchmark NIFTY is down around 1.22 per cent. The Sensex is at 58072.01, down 1.29 per cent. Last month in July, Adani Transmission Ltd rose around 17.88 per cent. Currently, The company has quoted at 27724.65, down 0.2 per cent. On Monday, the volume of the company’s stock stood at 6.28 lakh shares as compared with last month to a daily average of 4.78 lakh shares. The Private Equity (PE) of the stock is 0 based on TTM earnings ending June 22.
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In February, Adani transmission said that they were operating at greater than 99.83 per cent capacity and that 650 ckt km of lines were added to its network in the quarter. Previously, Adani Group bought a 23.5 per cent stake in Mumbai International Airport, held by ACSA Global Limited (ACSA) and Bid Services Division (Mauritius) Limited (Bidvest), for Rs1,685.2 crore. The group plans to acquire a 74 per cent stake in MIAL, which includes the entire 50.5 per cent stake of outgoing promoter GVK Group, thereby getting the rights to develop the upcoming Navi Mumbai airport.
