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ADANI ENERGY SOLUTIONS Gains 6%; BSE POWER Index Up 0.7%
Tue, 13 Aug 9:21

ADANI ENERGY SOLUTIONS Gains 6%; BSE POWER Index Up 0.7%Image source: alexsl/www.istockphoto.com

ADANI ENERGY SOLUTIONS share price has zoomed 6% and is presently trading at Rs 1,122.0.

Meanwhile, the BSE POWER index is at 8,294.1 (up 0.7%).

Among the top gainers in the BSE POWER index today are ADANI GREEN ENERGY (up 2.0%) and ADANI POWER (up 1.0%).

NHPC (down 0.4%) and Siemens (down 0.3%) are among the top losers today.

Over the last one year, ADANI ENERGY SOLUTIONS has moved up from Rs 812.0 to Rs 1,122.0, registering a gain of Rs 310.0 (up 38.2%).

On the other hand, the BSE POWER index has moved up from 4,225.0 to 8,294.1, registering a gain of 96.3% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were BHEL (up 196.7%), TORRENT POWER (up 166.2%) and ADANI POWER (up 151.7%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,622.2 .

The top losers among the BSE Sensex today are HDFC Bank (down 2.3%) and Asian Paints (down 0.6%). The most traded stocks in the BSE Sensex are Tata Steel and HDFC Bank.

In the meantime, NSE Nifty is at 24,330.5 (down 0.1%). HDFC Bank and Divis Laboratories are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,995.8 to 79,622.2, registering a gain of 13,626.4 points (up 20.6%).

ADANI ENERGY SOLUTIONS Financial Update...

ADANI ENERGY SOLUTIONS net profit fell 751.2% YoY to Rs -11,893 million for the quarter ended June 2024, compared to a profit of Rs 1,826 million a year ago. Net sales rose 46.8% to Rs 53,786 million during the period as against Rs 36,639 million in April-June 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 -781.5.


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