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JSW ENERGY Gains 4%; BSE POWER Index Down 0.4%
Thu, 7 Nov 9:37

JSW ENERGY Gains 4%; BSE POWER Index Down 0.4%Image source: DNY59/www.istockphoto.com

JSW ENERGY share price has zoomed 4% and is presently trading at Rs 712.3.

Meanwhile, the BSE POWER index is at 7,902.4 (down 0.4%).

Among the top gainers in the BSE POWER index today are KEC INTERNATIONAL (up 5.4%) and Thermax (up 1.0%).

ADANI ENERGY SOLUTIONS (down 7.6%) and ADANI GREEN ENERGY (down 2.0%) are among the top losers today.

Over the last one year, JSW ENERGY has moved up from Rs 386.1 to Rs 712.3, registering a gain of Rs 326.2 (up 84.5%).

On the other hand, the BSE POWER index has moved up from 4,516.5 to 7,902.4, registering a gain of 75.0% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were TORRENT POWER (up 137.4%), Siemens (up 109.6%) and BHEL (up 89.8%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,989.1 (down 0.5%).

The top losers among the BSE Sensex today are Ultratech Cement (down 1.4%) and Power Grid Corp. (down 1.4%). The most traded stocks in the BSE Sensex are Tata Steel and Reliance Ind..

In the meantime, NSE Nifty is at 24,361.2 (down 0.5%). Hindalco and Adani Enterprises are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,958.7 to 79,989.1, registering a gain of 15,030.4 points (up 23.1%).

JSW ENERGY Financial Update...

JSW ENERGY net profit grew 2.1% YoY to Rs 8,683 million for the quarter ended September 2024, compared to a profit of Rs 8,509 million a year ago. Net sales declined 0.7% to Rs 32,377 million during the period as against Rs 32,594 million in July-September 2023.

For the year ended March 2024, JSW ENERGY reported 16.5% increase in net profit to Rs 17,247 million compared to net profit of Rs 14,801 million during FY23. Revenue of the company grew 11.2% to Rs 114,859 million during FY24.

The current Price to earnings ratio of JSW ENERGY, based on rolling 12 month earnings, stands at 63.3.


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