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ADANI ENERGY SOLUTIONS Gains 8%; BSE POWER Index Up 0.4%
Thu, 1 Aug 12:15

ADANI ENERGY SOLUTIONS Gains 8%; BSE POWER Index Up 0.4%Image source: peterschreiber.media/www.istockphoto.com

ADANI ENERGY SOLUTIONS share price has zoomed 8% and is presently trading at Rs 1,229.2.

Meanwhile, the BSE POWER index is at 8,474.8 (up 0.4%).

Among the top gainers in the BSE POWER index today are Power Grid Corp. (up 3.2%) and NTPC (up 1.6%).

Siemens (down 2.3%) and ADANI POWER (down 2.2%) are among the top losers today.

Over the last one year, ADANI ENERGY SOLUTIONS has moved up from Rs 821.8 to Rs 1,229.2, registering a gain of Rs 407.4 (up 49.6%).

On the other hand, the BSE POWER index has moved up from 4,379.7 to 8,474.8, registering a gain of 93.5% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were BHEL (up 198.3%), TORRENT POWER (up 173.8%) and ADANI POWER (up 163.1%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,800.1 (up 0.1%).

The top gainers among the BSE Sensex today are Power Grid Corp. (up 3.2%) and NTPC (up 1.6%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,991.4 (up 0.2%). Power Grid Corp. and Coal India are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,527.7 to 81,800.1, registering a gain of 15,272.5 points (up 23.0%).

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 -795.0.


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