Power, a subsidiary of Adani Enterprises and part of Adani Group,
down on Friday after it has reported loss for the second
quarter,which came above market expectations.
The company reported a consolidated net loss of Rs 2.60 billion
for the quarter ended Sept. 30, 2012 as compared to net profit of
Rs 1.72 billion in the same period last year. This was mainly due
to higher imported coal prices and non availability of transmission
Total consolidated income has increased
36.32% from Rs 11.02 billion for the quarter ended Sept. 30, 2011
to Rs 15.02 billion for the quarter ended Sept. 30, 2012.
Shares ofthe companyare trading at Rs 48.80, down Rs 1.35, or
2.69% at the Bombay Stock Exchange (BSE) on Friday at 2:41 p.m.The
scrip has touched an intra-day high of Rs 50.75 and low of Rs
48.55. The total volume of shares traded at the BSE is 861,162.In
the earlier session, the shares climbed 2.03%, or Rs 1, at Rs
50.15. Currently, the stock is trading down 49.53% from its 52-week
high of Rs 96.70 and above 32.61% over the 52-week low of Rs
Share Price Movement Period Pricein Rs Gain/(Loss) in Rs
in % 1 Week 50.50 (0.35) (0.69) 1 Month 46.10 4.05 8.79 3 Months
45.45 4.70 10.34 6 Months 69.20 (19.05) (27.53) 1 Year 85.70
(35.55) (41.48) Note: Based on previous day closing price.