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IND RENEWABLE ENERGY Gains 5%; BSE POWER Index Down 1.9%
Wed, 19 Jun 15:38

IND RENEWABLE ENERGY share price has zoomed 5% and is presently trading at Rs 13.7.

Meanwhile, the BSE POWER index is at 7,809.1 (down 1.9%).

KEC INTERNATIONAL (down 4.0%) and ABB (down 3.6%) are among the top losers today.

Over the last one year, IND RENEWABLE ENERGY has moved up from Rs 11.8 to Rs 13.7, registering a gain of Rs 1.9 (up 15.7%).

On the other hand, the BSE POWER index has moved up from 3,993.7 to 7,809.1, registering a gain of 95.5% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were BHEL (up 255.2%), ADANI POWER (up 178.8%) and TORRENT POWER (up 139.7%).

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

What About the Benchmark Indices?

The BSE Sensex is at 77,337.6 .

The top gainers among the BSE Sensex today are Axis Bank (up 3.2%) and HDFC Bank (up 3.0%). The most traded stocks in the BSE Sensex are HDFC Bank and Tata Steel.

In the meantime, NSE Nifty is at 23,521.4 (down 0.2%). Titan and Maruti Suzuki are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,228.5 to 77,337.6, registering a gain of 14,109.1 points (up 22.3%).

IND RENEWABLE ENERGY Financial Update...

IND RENEWABLE ENERGY net profit fell 897.0% YoY to Rs -3 million for the quarter ended March 2024, compared to a profit of Rs 0 million a year ago. Net sales declined 100.0% to Rs 0 million during the period as against Rs 0 million in January-March 2023.

For the year ended March 2023, IND RENEWABLE ENERGY reported 100.6% increase in net profit to Rs 0 million compared to net loss of Rs 1 million during FY22. Revenue of the company fell 100.0% to Rs 0 million during FY23.

The current Price to earnings ratio of IND RENEWABLE ENERGY, based on rolling 12 month earnings, stands at 433.3.

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