Adani Power (APL), a part of the diversified Adani Group, is the largest private thermal power producer in India. The co along with its subsidiaries sell power generated from these projects under a combination of long term Power Purchase Agreements, Short term PPA and on a merchant basis
Stock is trading at 5.86 times its book value The company has a low-interest coverage ratio. The company has delivered a poor sales growth of 0.66% over the past five years. Promoters have pledged 27.37% of their holding. The company has high debtors of 159.21 days.
Technically it had broken out from the previous high with huge volume indicating bullishness, Trade only on your DUE DILIGENCE