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ADANI ENERGY SOLUTIONS Gains 4%; BSE POWER Index Up 0.7%
Mon, 28 Oct 12:0

ADANI ENERGY SOLUTIONS Gains 4%; BSE POWER Index Up 0.7%Image source: ipopba/www.istockphoto.com

ADANI ENERGY SOLUTIONS share price has zoomed 4% and is presently trading at Rs 954.9.

Meanwhile, the BSE POWER index is at 7,797.5 (up 0.7%).

Among the top gainers in the BSE POWER index today are Thermax (up 2.8%) and ADANI POWER (up 2.1%).

TORRENT POWER (down 2.1%) and ABB (down 0.8%) are among the top losers today.

Over the last one year, ADANI ENERGY SOLUTIONS has moved up from Rs 717.8 to Rs 954.9, registering a gain of Rs 237.1 (up 33.0%).

On the other hand, the BSE POWER index has moved up from 4,304.4 to 7,797.5, registering a gain of 81.2% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were TORRENT POWER (up 166.6%), Siemens (up 98.4%) and ADANI POWER (up 93.4%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,315.1 (up 1.1%).

The top gainers among the BSE Sensex today are ICICI Bank (up 3.7%) and M&M (up 3.5%). The most traded stocks in the BSE Sensex are HDFC Bank and Tata Steel.

In the meantime, NSE Nifty is at 24,420.4 (up 1.0%). Shriram Transport and Adani Enterprises are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,049.1 to 80,315.1, registering a gain of 16,266.0 points (up 25.4%).

ADANI ENERGY SOLUTIONS Financial Update...

ADANI ENERGY SOLUTIONS net profit grew 171.3% YoY to Rs 7,732 million for the quarter ended September 2024, compared to a profit of Rs 2,850 million a year ago. Net sales rose 68.3% to Rs 61,837 million during the period as against Rs 36,739 million in July-September 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 363.3.


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