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INOX GREEN ENERGY Gains 4%; BSE OIL & GAS Index Down 1.0%
Fri, 2 Aug 10:43

INOX GREEN ENERGY Gains 4%; BSE OIL & GAS Index Down 1.0%Image source: phive2015/www.istockphoto.com

INOX GREEN ENERGY share price has zoomed 4% and is presently trading at Rs 181.8.

Meanwhile, the BSE OIL & GAS index is at 32,422.3 (down 1.0%).

Among the top gainers in the BSE OIL & GAS index today is HPCL (up 0.3%).

ONGC (down 1.9%) and IOC (down 1.7%) are among the top losers today.

Over the last one year, INOX GREEN ENERGY has moved up from Rs 72.9 to Rs 181.8, registering a gain of Rs 108.8 (up 149.2%).

On the other hand, the BSE OIL & GAS index has moved up from 19,424.1 to 32,422.3, registering a gain of 66.9% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were HPCL (up 108.5%), GAIL (up 99.2%) and ONGC (up 89.4%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,073.0 (down 1.0%).

The top losers among the BSE Sensex today are Tata Motors (down 3.8%) and Maruti Suzuki (down 3.7%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,803.7 (down 0.8%). Tata Motors and Maruti Suzuki are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,527.7 to 81,073.0, registering a gain of 14,545.3 points (up 21.9%).

INOX GREEN ENERGY Financial Update...

INOX GREEN ENERGY net profit grew 1160.2% YoY to Rs 216 million for the quarter ended March 2024, compared to a profit of Rs 17 million a year ago. Net sales declined 7.7% to Rs 524 million during the period as against Rs 568 million in January-March 2023.

For the year ended March 2023, INOX GREEN ENERGY reported 311.3% decrease in net profit to Rs -204 million compared to net loss of Rs 50 million during FY22. Revenue of the company grew 47.7% to Rs 2,542 million during FY23.

The current Price to earnings ratio of INOX GREEN ENERGY, based on rolling 12 month earnings, stands at 186.3.


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