ADANI ENERGY SOLUTIONS share price has plunged 4% and is presently trading at Rs 599.5.
Meanwhile, the BSE POWER index is at 7,306.0 (down 0.8%).
Among the top losers in the BSE POWER index today are ADANI GREEN ENERGY (down 7.1%) and KEC INTERNATIONAL (down 3.9%).
Thermax (up 2.3%) and BHEL (up 1.2%) are among the top gainers today.
Over the last one year, ADANI ENERGY SOLUTIONS has moved down from Rs 726.5 to Rs 599.5, registering a loss of Rs 127.1 (down 17.5%).
On the other hand, the BSE POWER index has moved up from 4,721.2 to 7,306.0, registering a gain of 54.7% during the last 12 months.
The top gainers among the BSE POWER index stocks during this same period were Siemens (up 106.2%), TORRENT POWER (up 96.9%) and Thermax (up 73.7%).
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The BSE Sensex is at 79,958.7 (down 0.2%).
The top losers among the BSE Sensex today are Ultratech Cement (down 2.4%) and MUNDRA PORT & SEZ (down 2.2%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.
In the meantime, NSE Nifty is at 24,201.3 (down 0.1%). Ultratech Cement and Adani Enterprises are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 66,023.2 to 79,958.7, registering a gain of 13,935.5 points (up 21.1%).
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 228.1.
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