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ADANI ENERGY SOLUTIONS Gains 3%; BSE POWER Index Down 0.8%
Tue, 2 Jul 13:18

ADANI ENERGY SOLUTIONS Gains 3%; BSE POWER Index Down 0.8%Image source: hudiemm/www.istockphoto.com

ADANI ENERGY SOLUTIONS share price has zoomed 3% and is presently trading at Rs 1,026.8.

Meanwhile, the BSE POWER index is at 7,864.6 (down 0.8%).

Among the top gainers in the BSE POWER index today is Power Grid Corp. (up 0.3%).

INDIAN ENERGY EXCHANGE (down 3.1%) and BHEL (down 2.4%) are among the top losers today.

Over the last one year, ADANI ENERGY SOLUTIONS has moved up from Rs 819.5 to Rs 1,026.8, registering a gain of Rs 207.3 (up 25.3%).

On the other hand, the BSE POWER index has moved up from 4,001.7 to 7,864.6, registering a gain of 96.5% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were BHEL (up 246.4%), ADANI POWER (up 180.1%) and TORRENT POWER (up 135.3%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 79,379.5 (down 0.1%).

The top losers among the BSE Sensex today are Kotak Bank (down 3.7%) and Indusind Bank (down 2.3%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,104.5 (down 0.2%). Kotak Bank and Shriram Transport are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,915.4 to 79,379.5, registering a gain of 15,464.1 points (up 24.2%).

ADANI ENERGY SOLUTIONS Financial Update...

ADANI ENERGY SOLUTIONS net profit fell 12.1% YoY to Rs 3,834 million for the quarter ended March 2024, compared to a profit of Rs 4,359 million a year ago. Net sales rose 40.2% to Rs 47,069 million during the period as against Rs 33,577 million in January-March 2023.

For the year ended March 2024, ADANI ENERGY SOLUTIONS reported 6.6% decrease in net profit to Rs 11,956 million compared to net profit of Rs 12,806 million during FY23. Revenue of the company grew 24.9% to Rs 166,074 million during FY24.

The current Price to earnings ratio of ADANI ENERGY SOLUTIONS, based on rolling 12 month earnings, stands at 95.5.


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