ADANI GREEN ENERGY share price has plunged 18% and is presently trading at Rs 1,145.7.
Meanwhile, the BSE POWER index is at 7,149.6 (down 2.2%).
Among the top losers in the BSE POWER index today are ADANI ENERGY SOLUTIONS (down 20.0%) and ADANI POWER (down 14.4%).
Power Grid Corp. (up 1.5%) and ABB (up 0.3%) are among the top gainers today.
Over the last one year, ADANI GREEN ENERGY has moved up from Rs 926.2 to Rs 1,145.7, registering a gain of Rs 219.6 (up 23.7%).
On the other hand, the BSE POWER index has moved up from 4,654.7 to 7,149.6, registering a gain of 53.6% during the last 12 months.
The top gainers among the BSE POWER index stocks during this same period were TORRENT POWER (up 90.5%), Siemens (up 85.1%) and KEC INTERNATIONAL (up 63.9%).
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The BSE Sensex is at 77,056.3 (down 0.7%).
The top losers among the BSE Sensex today are MUNDRA PORT & SEZ (down 20.0%) and SBI (down 4.0%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.
In the meantime, NSE Nifty is at 23,333.8 (down 0.8%). Adani Enterprises and MUNDRA PORT & SEZ are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 65,655.2 to 77,056.3, registering a gain of 11,401.2 points (up 17.4%).
ADANI GREEN ENERGY net profit grew 41.5% YoY to Rs 4,160 million for the quarter ended September 2024, compared to a profit of Rs 2,940 million a year ago. Net sales rose 37.6% to Rs 30,550 million during the period as against Rs 22,200 million in July-September 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 143.0.
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