ADANI ENERGY SOLUTIONS share price has plunged 7% and is presently trading at Rs 999.3.
Meanwhile, the BSE POWER index is at 7,939.4 (up 0.1%).
Among the top losers in the BSE POWER index today are ADANI POWER (down 1.1%) and ADANI GREEN ENERGY (down 0.9%).
KEC INTERNATIONAL (up 2.6%) and Thermax (up 1.2%) are among the top gainers today.
Over the last one year, ADANI ENERGY SOLUTIONS has moved up from Rs 771.3 to Rs 999.3, registering a gain of Rs 228.1 (up 29.6%).
On the other hand, the BSE POWER index has moved up from 4,516.5 to 7,939.4, registering a gain of 75.8% during the last 12 months.
The top gainers among the BSE POWER index stocks during this same period were TORRENT POWER (up 138.4%), Siemens (up 111.8%) and BHEL (up 90.0%).
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The BSE Sensex is at 80,262.2 (down 0.1%).
The top losers among the BSE Sensex today are ICICI Bank (down 0.8%) and Reliance Ind. (down 0.7%). The most traded stocks in the BSE Sensex are Tata Steel and Reliance Ind..
In the meantime, NSE Nifty is at 24,454.6 (down 0.1%). Hindalco and Adani Enterprises are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 64,958.7 to 80,262.2, registering a gain of 15,303.5 points (up 23.6%).
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 380.2.
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