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INOX GREEN ENERGY Plunges 6%; BSE OIL & GAS Index Down 2.0%
Thu, 3 Oct 9:19

INOX GREEN ENERGY Plunges 6%; BSE OIL & GAS Index Down 2.0%Image source: Sakorn BernardaSv/www.istockphoto.com

INOX GREEN ENERGY share price has plunged 6% and is presently trading at Rs 194.7.

Meanwhile, the BSE OIL & GAS index is at 30,972.4 (down 2.0%).

Among the top losers in the BSE OIL & GAS index today are BPCL (down 4.6%) and GAIL (down 3.9%).

ONGC (up 0.7%) is among the top gainers today.

Over the last one year, INOX GREEN ENERGY has moved up from Rs 63.8 to Rs 194.7, registering a gain of Rs 130.9 (up 205.3%).

On the other hand, the BSE OIL & GAS index has moved up from 18,778.0 to 30,972.4, registering a gain of 64.9% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were HPCL (up 155.6%), BPCL (up 105.8%) and IOC (up 92.8%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 83,002.1 (down 1.5%).

The top losers among the BSE Sensex today are Asian Paints (down 3.0%) and Tata Motors (down 2.9%). The most traded stocks in the BSE Sensex are HDFC Bank and Tata Steel.

In the meantime, NSE Nifty is at 25,452.9 (down 1.3%). BPCL and Bajaj Auto are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,512.1 to 83,002.1, registering a gain of 17,490.0 points (up 26.7%).

INOX GREEN ENERGY Financial Update...

INOX GREEN ENERGY net profit fell 77.1% YoY to Rs 9 million for the quarter ended June 2024, compared to a profit of Rs 41 million a year ago. Net sales declined 10.1% to Rs 509 million during the period as against Rs 566 million in April-June 2023.

For the year ended March 2024, INOX GREEN ENERGY reported 164.1% increase in net profit to Rs 298 million compared to net loss of Rs 465 million during FY23. Revenue of the company fell 10.4% to Rs 2,243 million during FY24.

The current Price to earnings ratio of INOX GREEN ENERGY, based on rolling 12 month earnings, stands at 299.2.

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