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JSW ENERGY Gains 5%; BSE POWER Index Down 0.5%
Tue, 29 Oct 13:30

JSW ENERGY Gains 5%; BSE POWER Index Down 0.5%Image source: peterschreiber.media/www.istockphoto.com

JSW ENERGY share price has zoomed 5% and is presently trading at Rs 674.0.

Meanwhile, the BSE POWER index is at 7,729.7 (down 0.5%).

Among the top gainers in the BSE POWER index today are Siemens (up 0.6%) and KEC INTERNATIONAL (up 0.5%).

Thermax (down 4.3%) and INDIAN ENERGY EXCHANGE (down 2.0%) are among the top losers today.

Over the last one year, JSW ENERGY has moved up from Rs 366.3 to Rs 674.0, registering a gain of Rs 307.8 (up 84.0%).

On the other hand, the BSE POWER index has moved up from 4,304.4 to 7,729.7, registering a gain of 79.6% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were TORRENT POWER (up 159.3%), Siemens (up 98.5%) and BHEL (up 98.4%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,870.7 (down 0.2%).

The top losers among the BSE Sensex today are Tata Motors (down 4.6%) and Indusind Bank (down 2.6%). The most traded stocks in the BSE Sensex are Tata Motors and Tata Steel.

In the meantime, NSE Nifty is at 24,292.5 (down 0.2%). Tata Motors and Dr. Reddys are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,049.1 to 79,870.7, registering a gain of 15,821.6 points (up 24.7%).

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 59.9.


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