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ADANI ENERGY SOLUTIONS Plunges 7%; BSE POWER Index Down 4.2%
Mon, 5 Aug 11:27

ADANI ENERGY SOLUTIONS Plunges 7%; BSE POWER Index Down 4.2%Image source: ThinkNeo/www.istockphoto.com

ADANI ENERGY SOLUTIONS share price has plunged 7% and is presently trading at Rs 1,178.1.

Meanwhile, the BSE POWER index is at 8,118.7 (down 4.2%).

Among the top losers in the BSE POWER index today are KEC INTERNATIONAL (down 7.0%) and Thermax (down 6.0%).

Over the last one year, ADANI ENERGY SOLUTIONS has moved up from Rs 803.9 to Rs 1,178.1, registering a gain of Rs 374.2 (up 46.5%).

On the other hand, the BSE POWER index has moved up from 4,365.8 to 8,118.7, registering a gain of 86.0% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were BHEL (up 174.5%), TORRENT POWER (up 160.3%) and ADANI POWER (up 156.0%).

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What About the Benchmark Indices?

The BSE Sensex is at 78,523.1 (down 3.0%).

The top losers among the BSE Sensex today are Tata Motors (down 6.4%) and Tata Steel (down 5.1%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 23,914.3 (down 3.3%). Tata Motors and ONGC are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,459.3 to 78,523.1, registering a gain of 12,063.8 points (up 18.2%).

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 -762.0.


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