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Indiabulls Infra Gains 8%; BSE POWER Index Up 1.2%
Tue, 19 Nov 9:59

Indiabulls Infra Gains 8%; BSE POWER Index Up 1.2%Image source: ipopba/www.istockphoto.com

Indiabulls Infra share price has zoomed 8% and is presently trading at Rs 64.9.

Meanwhile, the BSE POWER index is at 7,351.3 (up 1.2%).

Among the top gainers in the BSE POWER index today are BHEL (up 3.1%) and Tata Power (up 2.0%).

Thermax (down 3.5%) and ADANI GREEN ENERGY (down 0.7%) are among the top losers today.

Over the last one year, Indiabulls Infra has moved up from Rs 61.4 to Rs 64.9, registering a gain of Rs 3.4 (up 5.6%).

On the other hand, the BSE POWER index has moved up from 4,638.5 to 7,351.3, registering a gain of 58.5% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were TORRENT POWER (up 91.0%), Siemens (up 90.7%) and KEC INTERNATIONAL (up 70.2%).

Revealed: Our Big Prediction

What About the Benchmark Indices?

The BSE Sensex is at 78,007.9 (up 0.9%).

The top gainers among the BSE Sensex today are M&M (up 3.1%) and MUNDRA PORT & SEZ (up 2.1%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 23,684.9 (up 1.0%). Trent and M&M are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,675.9 to 78,007.9, registering a gain of 12,332.0 points (up 18.8%).

Indiabulls Infra Financial Update...

Indiabulls Infra net profit fell 272.0% YoY to Rs -2,416 million for the quarter ended September 2024, compared to a profit of Rs 1,405 million a year ago. Net sales rose 11.5% to Rs 18,006 million during the period as against Rs 16,147 million in July-September 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 12.5.


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