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INDOWIND ENERGY Gains 5%; BSE OIL & GAS Index Up 0.2%
Thu, 28 Nov 9:21

INDOWIND ENERGY Gains 5%; BSE OIL & GAS Index Up 0.2%Image source: asbe/www.istockphoto.com

INDOWIND ENERGY share price has zoomed 5% and is presently trading at Rs 22.9.

Meanwhile, the BSE OIL & GAS index is at 26,595.9 (up 0.2%).

Among the top gainers in the BSE OIL & GAS index today are ADANI TOTAL GAS (up 3.4%) and HPCL (up 0.6%).

Reliance Ind. (down 0.1%) is among the top losers today.

Over the last one year, INDOWIND ENERGY has moved up from Rs 16.2 to Rs 22.9, registering a gain of Rs 6.8 (up 41.8%).

On the other hand, the BSE OIL & GAS index has moved up from 20,125.9 to 26,595.9, registering a gain of 32.1% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were HPCL (up 67.2%), Petronet LNG (up 66.6%) and GAIL (up 55.8%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,281.6 (up 0.1%).

The top gainers among the BSE Sensex today are Asian Paints (up 1.4%) and Ultratech Cement (up 0.7%). The most traded stocks in the BSE Sensex are NTPC and Tata Steel.

In the meantime, NSE Nifty is at 24,274.2 . TATA STEEL 2% CCPS and Infosys are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,174.2 to 80,281.6, registering a gain of 14,107.4 points (up 21.3%).

INDOWIND ENERGY Financial Update...

INDOWIND ENERGY net profit fell 10.9% YoY to Rs 44 million for the quarter ended September 2024, compared to a profit of Rs 50 million a year ago. Net sales declined 25.5% to Rs 133 million during the period as against Rs 179 million in July-September 2023.

For the year ended March 2024, INDOWIND ENERGY reported 137.7% increase in net profit to Rs 73 million compared to net loss of Rs 193 million during FY23. Revenue of the company grew 16.9% to Rs 397 million during FY24.

The current Price to earnings ratio of INDOWIND ENERGY, based on rolling 12 month earnings, stands at 44.3.


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