ADANI GREEN ENERGY share price has zoomed 3% and is presently trading at Rs 1,894.7.
Meanwhile, the BSE POWER index is at 8,175.9 (down 0.7%).
Among the top gainers in the BSE POWER index today are ADANI POWER (up 2.1%) and NHPC (up 1.8%).
ABB (down 2.4%) and KEC INTERNATIONAL (down 1.6%) are among the top losers today.
Over the last one year, ADANI GREEN ENERGY has moved up from Rs 975.5 to Rs 1,894.7, registering a gain of Rs 919.2 (up 94.2%).
On the other hand, the BSE POWER index has moved up from 4,397.3 to 8,175.9, registering a gain of 85.9% during the last 12 months.
The top gainers among the BSE POWER index stocks during this same period were TORRENT POWER (up 162.5%), BHEL (up 149.6%) and ADANI GREEN ENERGY (up 94.2%).
Must See: These Segments are Witnessing Incredible Growth with Modi's Push
The BSE Sensex is at 82,490.8 (up 0.2%).
The top gainers among the BSE Sensex today are Bajaj Finserv (up 3.4%) and HCl Tech. (up 3.1%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.
In the meantime, NSE Nifty is at 25,260.0 (up 0.1%). Bajaj Finserv and HCl Tech. are among the top gainers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 65,075.8 to 82,490.8, registering a gain of 17,415.0 points (up 26.8%).
ADANI GREEN ENERGY net profit grew 64.5% YoY to Rs 4,490 million for the quarter ended June 2024, compared to a profit of Rs 2,730 million a year ago. Net sales rose 31.1% to Rs 28,340 million during the period as against Rs 21,620 million in April-June 2023.
For the year ended March 2024, ADANI GREEN ENERGY reported 29.5% increase in net profit to Rs 12,600 million compared to net profit of Rs 9,730 million during FY23. Revenue of the company grew 18.6% to Rs 92,200 million during FY24.
The current Price to earnings ratio of ADANI GREEN ENERGY , based on rolling 12 month earnings, stands at 261.7.
Equitymaster requests your view! Post a comment on "ADANI GREEN ENERGY Gains 3%; BSE POWER Index Down 0.7%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!