INDIAN ENERGY EXCHANGE share price has zoomed 4% and is presently trading at Rs 195.2.
Meanwhile, the BSE POWER index is at 8,250.4 (up 1.4%).
Among the top gainers in the BSE POWER index today are TORRENT POWER (up 3.0%) and Tata Power (up 2.6%).
ADANI ENERGY SOLUTIONS (down 3.2%) is among the top losers today.
Over the last one year, INDIAN ENERGY EXCHANGE has moved up from Rs 126.9 to Rs 195.2, registering a gain of Rs 68.3 (up 53.8%).
On the other hand, the BSE POWER index has moved up from 4,264.8 to 8,250.4, registering a gain of 93.5% during the last 12 months.
The top gainers among the BSE POWER index stocks during this same period were BHEL (up 195.6%), TORRENT POWER (up 173.6%) and ADANI POWER (up 160.5%).
Must See: These Segments are Witnessing Incredible Growth with Modi's Push
The BSE Sensex is at 79,342.6 (up 0.7%).
The top gainers among the BSE Sensex today are JSW Steel (up 3.0%) and HCl Tech. (up 2.5%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.
In the meantime, NSE Nifty is at 24,223.8 (up 0.7%). Adani Enterprises and JSW Steel are among the top gainers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 65,782.8 to 79,342.6, registering a gain of 13,559.8 points (up 20.6%).
INDIAN ENERGY EXCHANGE net profit grew 25.1% YoY to Rs 929 million for the quarter ended June 2024, compared to a profit of Rs 742 million a year ago. Net sales rose 18.8% to Rs 1,236 million during the period as against Rs 1,040 million in April-June 2023.
For the year ended March 2024, INDIAN ENERGY EXCHANGE reported 14.7% increase in net profit to Rs 3,508 million compared to net profit of Rs 3,059 million during FY23. Revenue of the company grew 12.0% to Rs 4,492 million during FY24.
The current Price to earnings ratio of INDIAN ENERGY EXCHANGE , based on rolling 12 month earnings, stands at 48.5.
Equitymaster requests your view! Post a comment on "INDIAN ENERGY EXCHANGE Gains 4%; BSE POWER Index Up 1.4%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!