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GVK Power & Infra Plunges 5%; BSE POWER Index Up 1.6%
Mon, 22 Jul 15:32

GVK Power & Infra Plunges 5%; BSE POWER Index Up 1.6%Image source: ThinkNeo/www.istockphoto.com

GVK Power & Infra share price has plunged 5% and is presently trading at Rs 8.3.

Meanwhile, the BSE POWER index is at 7,835.6 (up 1.6%).

Among the top losers in the BSE POWER index today are TORRENT POWER (down 1.0%) and ADANI GREEN ENERGY (down 0.7%).

BHEL (up 3.6%) and Siemens (up 2.7%) are among the top gainers today.

Over the last one year, GVK Power & Infra has moved up from Rs 2.6 to Rs 8.3, registering a gain of Rs 5.7 (up 220.9%).

On the other hand, the BSE POWER index has moved up from 4,006.2 to 7,835.6, registering a gain of 95.6% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were BHEL (up 221.3%), ADANI POWER (up 182.3%) and TORRENT POWER (up 144.4%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,511.4 (down 0.1%).

The top losers among the BSE Sensex today are Reliance Ind. (down 3.5%) and Kotak Bank (down 3.4%). The most traded stocks in the BSE Sensex are Tata Steel and HDFC Bank.

In the meantime, NSE Nifty is at 24,515.9 (down 0.1%). Wipro and Reliance Ind. are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,795.1 to 80,511.4, registering a gain of 13,716.3 points (up 20.5%).

GVK Power & Infra Financial Update...

GVK Power & Infra net profit fell 69.3% YoY to Rs -1,429 million for the quarter ended March 2024, compared to a loss of Rs 844 million a year ago. Net sales declined 63.1% to Rs 687 million during the period as against Rs 1,863 million in January-March 2023.

For the year ended March 2023, GVK Power & Infra reported 1463.0% increase in net profit to Rs 30,711 million compared to net profit of Rs 1,965 million during FY22. Revenue of the company grew 147.1% to Rs 21,204 million during FY23.

The current Price to earnings ratio of GVK Power & Infra, based on rolling 12 month earnings, stands at 6.2.


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