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Indiabulls Infra Gains 12%; BSE POWER Index Up 0.3%
Thu, 31 Oct 12:16

Indiabulls Infra Gains 12%; BSE POWER Index Up 0.3%Image source: Nikada/www.istockphoto.com

Indiabulls Infra share price has zoomed 12% and is presently trading at Rs 73.5.

Meanwhile, the BSE POWER index is at 7,838.9 (up 0.3%).

Among the top gainers in the BSE POWER index today are Tata Power (up 3.5%) and ADANI ENERGY SOLUTIONS (up 2.4%).

INDIAN ENERGY EXCHANGE (down 0.5%) and Thermax (down 0.4%) are among the top losers today.

Over the last one year, Indiabulls Infra has moved up from Rs 51.8 to Rs 73.5, registering a gain of Rs 21.7 (up 41.9%).

On the other hand, the BSE POWER index has moved up from 4,426.8 to 7,838.9, registering a gain of 77.1% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were TORRENT POWER (up 152.4%), Siemens (up 103.9%) and BHEL (up 96.6%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,531.4 (down 0.5%).

The top losers among the BSE Sensex today are Tech Mahindra (down 4.7%) and HCl Tech. (down 3.1%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,236.8 (down 0.4%). Tech Mahindra and HCl Tech. are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,112.7 to 79,531.4, registering a gain of 15,418.7 points (up 24.0%).

Indiabulls Infra Financial Update...

Indiabulls Infra net profit grew 377.9% YoY to Rs 8,512 million for the quarter ended June 2024, compared to a profit of Rs 1,781 million a year ago. Net sales rose 69.5% to Rs 24,940 million during the period as against Rs 14,718 million in April-June 2023.

For the year ended March 2024, Indiabulls Infra reported 248.3% increase in net profit to Rs 4,245 million compared to net loss of Rs 2,861 million during FY23. Revenue of the company grew 36.0% to Rs 56,096 million during FY24.

The current Price to earnings ratio of Indiabulls Infra, based on rolling 12 month earnings, stands at 9.3.


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