ADANI ENERGY SOLUTIONS share price has plunged 6% and is presently trading at Rs 654.2.
Meanwhile, the BSE POWER index is at 7,201.6 (down 0.2%).
Among the top losers in the BSE POWER index today are ADANI GREEN ENERGY (down 7.8%) and TORRENT POWER (down 4.3%).
KEC INTERNATIONAL (up 2.9%) and Siemens (up 1.7%) are among the top gainers today.
Over the last one year, ADANI ENERGY SOLUTIONS has moved down from Rs 726.9 to Rs 654.2, registering a loss of Rs 72.7 (down 10.0%).
On the other hand, the BSE POWER index has moved up from 4,654.7 to 7,201.6, 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 88.6%), TORRENT POWER (up 83.6%) and KEC INTERNATIONAL (up 70.4%).
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The BSE Sensex is at 77,452.3 (up 0.4%).
The top gainers among the BSE Sensex today are SBI (up 1.6%) and ICICI Bank (up 1.6%). The most traded stocks in the BSE Sensex are MUNDRA PORT & SEZ and Tata Steel.
In the meantime, NSE Nifty is at 23,439.1 (up 0.4%). APOLLO HOSPITALS and ICICI Bank are among the top gainers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 65,655.2 to 77,452.3, registering a gain of 11,797.1 points (up 18.0%).
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 248.9.
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