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INDIAN ENERGY EXCHANGE Plunges 5%; BSE POWER Index Down 0.2%
Mon, 14 Oct 13:43

INDIAN ENERGY EXCHANGE  Plunges 5%; BSE POWER Index Down 0.2%Image source: CreativaImages/www.istockphoto.com

INDIAN ENERGY EXCHANGE share price has plunged 5% and is presently trading at Rs 193.6.

Meanwhile, the BSE POWER index is at 8,403.7 (down 0.2%).

Among the top losers in the BSE POWER index today are Thermax (down 1.2%) and ADANI POWER (down 0.8%).

TORRENT POWER (up 2.9%) and ABB (up 0.9%) are among the top gainers today.

Over the last one year, INDIAN ENERGY EXCHANGE has moved up from Rs 134.0 to Rs 193.6, registering a gain of Rs 59.6 (up 44.5%).

On the other hand, the BSE POWER index has moved up from 4,512.1 to 8,403.7, registering a gain of 86.2% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were TORRENT POWER (up 167.8%), Siemens (up 115.5%) and ABB (up 105.9%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,972.5 (up 0.7%).

The top gainers among the BSE Sensex today are Tech Mahindra (up 2.7%) and L&T (up 2.4%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,117.8 (up 0.6%). Wipro and Tech Mahindra are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,079.4 to 81,972.5, registering a gain of 15,893.2 points (up 24.1%).

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 48.1.


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