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ADANI POWER Gains 5%; BSE POWER Index Down 0.5%
Mon, 2 Sep 13:59

ADANI POWER Gains 5%; BSE POWER Index Down 0.5%Image source: Eoneren/www.istockphoto.com

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%).

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What About the Benchmark Indices?

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 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 16.0.


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