ADANI POWER share price has zoomed 5% and is presently trading at Rs 664.0.
Meanwhile, the BSE POWER index is at 8,193.1 (down 0.5%).
Among the top gainers in the BSE POWER index today are ADANI GREEN ENERGY (up 4.1%) and NHPC (up 1.7%).
ABB (down 3.5%) and KEC INTERNATIONAL (down 2.1%) are among the top losers today.
Over the last one year, ADANI POWER has moved up from Rs 332.5 to Rs 664.0, registering a gain of Rs 331.5 (up 99.7%).
On the other hand, the BSE POWER index has moved up from 4,397.3 to 8,193.1, registering a gain of 86.3% during the last 12 months.
The top gainers among the BSE POWER index stocks during this same period were TORRENT POWER (up 161.8%), BHEL (up 149.0%) and ADANI POWER (up 99.7%).
Must See: These Segments are Witnessing Incredible Growth with Modi's Push
The BSE Sensex is at 82,507.0 (up 0.2%).
The top gainers among the BSE Sensex today are Bajaj Finserv (up 3.5%) and HCl Tech. (up 3.2%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.
In the meantime, NSE Nifty is at 25,258.6 (up 0.1%). Bajaj Finserv and Bajaj Finance are among the top gainers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 65,075.8 to 82,507.0, registering a gain of 17,431.2 points (up 26.8%).
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 16.0.
Equitymaster requests your view! Post a comment on "ADANI POWER Gains 5%; BSE POWER Index Down 0.5%". 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!