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INDIAN ENERGY EXCHANGE Plunges 3%; BSE POWER Index Up 0.3%
Wed, 10 Jul 9:45

INDIAN ENERGY EXCHANGE  Plunges 3%; BSE POWER Index Up 0.3%Image source: StarLineArts/www.istockphoto.com

INDIAN ENERGY EXCHANGE share price has plunged 3% and is presently trading at Rs 178.1.

Meanwhile, the BSE POWER index is at 8,122.5 (up 0.3%).

Among the top losers in the BSE POWER index today are KEC INTERNATIONAL (down 2.5%) and Thermax (down 1.3%).

NHPC (up 1.7%) and NTPC (up 1.3%) are among the top gainers today.

Over the last one year, INDIAN ENERGY EXCHANGE has moved up from Rs 123.7 to Rs 178.1, registering a gain of Rs 54.4 (up 43.9%).

On the other hand, the BSE POWER index has moved up from 4,013.9 to 8,122.5, registering a gain of 102.4% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were BHEL (up 260.0%), ADANI POWER (up 200.8%) and TORRENT POWER (up 146.2%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,223.3 (down 0.2%).

The top losers among the BSE Sensex today are M&M (down 4.3%) and Kotak Bank (down 0.8%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 24,411.8 (down 0.1%). M&M and TATA STEEL 2% CCPS are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,344.2 to 80,223.3, registering a gain of 14,879.1 points (up 22.8%).

INDIAN ENERGY EXCHANGE Financial Update...

INDIAN ENERGY EXCHANGE net profit grew 14.3% YoY to Rs 946 million for the quarter ended March 2024, compared to a profit of Rs 828 million a year ago. Net sales rose 13.3% to Rs 1,213 million during the period as against Rs 1,070 million in January-March 2023.

For the year ended March 2023, INDIAN ENERGY EXCHANGE reported 0.9% decrease in net profit to Rs 3,059 million compared to net profit of Rs 3,086 million during FY22. Revenue of the company fell 7.0% to Rs 4,009 million during FY23.

The current Price to earnings ratio of INDIAN ENERGY EXCHANGE , based on rolling 12 month earnings, stands at 46.7.


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