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ADANI POWER Gains 6%; BSE POWER Index Up 0.5%
Thu, 28 Nov 9:21

ADANI POWER Gains 6%; BSE POWER Index Up 0.5%Image source: phive2015/www.istockphoto.com

ADANI POWER share price has zoomed 6% and is presently trading at Rs 535.1.

Meanwhile, the BSE POWER index is at 7,488.5 (up 0.5%).

Among the top gainers in the BSE POWER index today are ADANI ENERGY SOLUTIONS (up 5.0%) and ADANI GREEN ENERGY (up 3.6%).

Thermax (down 0.6%) and Power Grid Corp. (down 0.1%) are among the top losers today.

Over the last one year, ADANI POWER has moved up from Rs 445.8 to Rs 535.1, registering a gain of Rs 89.2 (up 20.0%).

On the other hand, the BSE POWER index has moved up from 4,892.0 to 7,488.5, registering a gain of 53.1% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were Siemens (up 105.7%), KEC INTERNATIONAL (up 85.3%) and TORRENT POWER (up 81.6%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 80,281.6 (up 0.1%).

The top gainers among the BSE Sensex today are Asian Paints (up 1.4%) and Ultratech Cement (up 0.7%). The most traded stocks in the BSE Sensex are NTPC and Tata Steel.

In the meantime, NSE Nifty is at 24,277.5 . Adani Enterprises and Hindustan Unilever are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,174.2 to 80,281.6, registering a gain of 14,107.4 points (up 21.3%).

ADANI POWER Financial Update...

ADANI POWER net profit fell 50.0% YoY to Rs 32,975 million for the quarter ended September 2024, compared to a profit of Rs 65,942 million a year ago. Net sales rose 2.7% to Rs 133,389 million during the period as against Rs 129,906 million in July-September 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 16.3.


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