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ADANI ENERGY SOLUTIONS Plunges 5%; BSE POWER Index Up 0.7%
Tue, 6 Aug 10:45

ADANI ENERGY SOLUTIONS Plunges 5%; BSE POWER Index Up 0.7%Image source: DNY59/www.istockphoto.com

ADANI ENERGY SOLUTIONS share price has plunged 5% and is presently trading at Rs 1,102.9.

Meanwhile, the BSE POWER index is at 8,198.9 (up 0.7%).

Among the top losers in the BSE POWER index today is Thermax (down 0.9%).

BHEL (up 1.6%) and INDIAN ENERGY EXCHANGE (up 1.5%) are among the top gainers today.

Over the last one year, ADANI ENERGY SOLUTIONS has moved up from Rs 790.2 to Rs 1,102.9, registering a gain of Rs 312.7 (up 39.6%).

On the other hand, the BSE POWER index has moved up from 4,264.8 to 8,198.9, registering a gain of 92.2% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were BHEL (up 194.4%), TORRENT POWER (up 167.9%) and ADANI POWER (up 160.8%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,156.7 (up 0.5%).

The top gainers among the BSE Sensex today are Tech Mahindra (up 2.1%) and JSW Steel (up 1.8%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,155.9 (up 0.4%). Tech Mahindra and Grasim Industries are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,782.8 to 79,156.7, registering a gain of 13,373.9 points (up 20.3%).

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 -768.2.


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