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INDIABULLS POWER Plunges 5%; BSE POWER Index Down 1.4%
Wed, 23 Oct 16:45

INDIABULLS POWER Plunges 5%; BSE POWER Index Down 1.4%Image source: CreativaImages/www.istockphoto.com

INDIABULLS POWER share price has plunged 5% and is presently trading at Rs 13.9.

Meanwhile, the BSE POWER index is at 7,872.4 (down 1.4%).

Among the top losers in the BSE POWER index today are ABB (down 5.7%) and Siemens (down 5.1%).

INDIAN ENERGY EXCHANGE (up 1.9%) and ADANI GREEN ENERGY (up 0.9%) are among the top gainers today.

Over the last one year, INDIABULLS POWER has moved up from Rs 7.0 to Rs 13.9, registering a gain of Rs 7.0 (up 100.0%).

On the other hand, the BSE POWER index has moved up from 4,351.9 to 7,872.4, registering a gain of 80.9% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were TORRENT POWER (up 170.9%), Siemens (up 101.2%) and ABB (up 96.2%).

Don't Miss: Key Information for Long-term Investors

What About the Benchmark Indices?

The BSE Sensex is at 80,082.0 (down 0.2%).

The top losers among the BSE Sensex today are M&M (down 3.0%) and Sun Pharma (down 2.8%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,436.0 (down 0.2%). M&M and Sun Pharma are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,571.9 to 80,082.0, registering a gain of 15,510.1 points (up 24.0%).

INDIABULLS POWER Financial Update...

INDIABULLS POWER net profit grew 116.9% YoY to Rs 930 million for the quarter ended June 2024, compared to a loss of Rs 5,494 million a year ago. Net sales rose 10.0% to Rs 9,318 million during the period as against Rs 8,473 million in April-June 2023.

For the year ended March 2023, INDIABULLS POWER reported 5.6% increase in net profit to Rs -18,699 million compared to net loss of Rs 19,814 million during FY22. Revenue of the company fell 0.9% to Rs 32,312 million during FY23.

The current Price to earnings ratio of INDIABULLS POWER, based on rolling 12 month earnings, stands at 0.8.


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