ADANI ENERGY SOLUTIONS share price has plunged 4% and is presently trading at Rs 936.1.
Meanwhile, the BSE POWER index is at 7,703.4 (down 2.6%).
Among the top losers in the BSE POWER index today are BHEL (down 4.8%) and NTPC (down 3.8%).
Thermax (up 3.9%) is among the top gainers today.
Over the last one year, ADANI ENERGY SOLUTIONS has moved up from Rs 736.1 to Rs 936.1, registering a gain of Rs 200.0 (up 27.2%).
On the other hand, the BSE POWER index has moved up from 4,351.9 to 7,703.4, registering a gain of 77.0% during the last 12 months.
The top gainers among the BSE POWER index stocks during this same period were TORRENT POWER (up 167.8%), Siemens (up 97.6%) and ABB (up 90.5%).
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The BSE Sensex is at 79,343.6 (down 0.9%).
The top losers among the BSE Sensex today are Indusind Bank (down 19.4%) and M&M (down 4.6%). The most traded stocks in the BSE Sensex are Tata Steel and Indusind Bank.
In the meantime, NSE Nifty is at 24,135.5 (down 1.1%). Indusind Bank and M&M are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 64,571.9 to 79,343.6, registering a gain of 14,771.7 points (up 22.9%).
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 356.2.
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