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INDIAN ENERGY EXCHANGE Gains 5%; BSE POWER Index Up 0.3%
Mon, 29 Jul 12:27

INDIAN ENERGY EXCHANGE  Gains 5%; BSE POWER Index Up 0.3%Image source: Eoneren/www.istockphoto.com

INDIAN ENERGY EXCHANGE share price has zoomed 5% and is presently trading at Rs 186.3.

Meanwhile, the BSE POWER index is at 8,158.5 (up 0.3%).

Among the top gainers in the BSE POWER index today are ADANI ENERGY SOLUTIONS (up 2.4%) and ADANI GREEN ENERGY (up 2.3%).

Power Grid Corp. (down 1.4%) and Tata Power (down 0.5%) are among the top losers today.

Over the last one year, INDIAN ENERGY EXCHANGE has moved up from Rs 123.4 to Rs 186.3, registering a gain of Rs 63.0 (up 51.0%).

On the other hand, the BSE POWER index has moved up from 4,158.1 to 8,158.5, registering a gain of 96.2% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were BHEL (up 228.3%), ADANI POWER (up 176.6%) and TORRENT POWER (up 153.8%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,287.4 (down 0.1%).

The top losers among the BSE Sensex today are Bharti Airtel (down 2.3%) and Titan (down 2.0%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,824.9 . Titan and Tata Consumer Products are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,355.7 to 81,287.4, registering a gain of 14,931.7 points (up 22.5%).

INDIAN ENERGY EXCHANGE Financial Update...

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 46.3.


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