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ADANI POWER Gains 4%; BSE POWER Index Up 1.8%
Fri, 16 Aug 15:44

ADANI POWER Gains 4%; BSE POWER Index Up 1.8%Image source: phive2015/www.istockphoto.com

ADANI POWER share price has zoomed 4% and is presently trading at Rs 699.0.

Meanwhile, the BSE POWER index is at 8,229.7 (up 1.8%).

Among the top gainers in the BSE POWER index today are INDIAN ENERGY EXCHANGE (up 5.0%) and Thermax (up 2.4%).

ADANI ENERGY SOLUTIONS (down 2.7%) is among the top losers today.

Over the last one year, ADANI POWER has moved up from Rs 285.9 to Rs 699.0, registering a gain of Rs 413.2 (up 144.5%).

On the other hand, the BSE POWER index has moved up from 4,198.7 to 8,229.7, registering a gain of 96.0% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were BHEL (up 191.1%), TORRENT POWER (up 162.1%) and ADANI POWER (up 144.5%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 80,436.8 (up 1.7%).

The top gainers among the BSE Sensex today are Tech Mahindra (up 3.9%) and M&M (up 3.4%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 24,539.2 (up 1.6%). Wipro and Tech Mahindra are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,401.9 to 80,436.8, registering a gain of 15,034.9 points (up 23.0%).

ADANI POWER Financial Update...

ADANI POWER net profit fell 55.3% YoY to Rs 39,128 million for the quarter ended June 2024, compared to a profit of Rs 87,594 million a year ago. Net sales rose 35.9% to Rs 149,556 million during the period as against Rs 110,055 million in April-June 2023.

For the year ended March 2024, ADANI POWER reported 94.2% increase in net profit to Rs 208,288 million compared to net profit of Rs 107,266 million during FY23. Revenue of the company grew 29.9% to Rs 503,513 million during FY24.

The current Price to earnings ratio of ADANI POWER, based on rolling 12 month earnings, stands at 16.9.

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