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JSW ENERGY Gains 6%; BSE POWER Index Up 1.8%
Fri, 20 Sep 16:36

JSW ENERGY Gains 6%; BSE POWER Index Up 1.8%Image source: alexsl/www.istockphoto.com

JSW ENERGY share price has zoomed 6% and is presently trading at Rs 784.7.

Meanwhile, the BSE POWER index is at 8,489.8 (up 1.8%).

Among the top gainers in the BSE POWER index today are Thermax (up 5.2%) and BHEL (up 3.5%).

KEC INTERNATIONAL (down 4.6%) and NTPC (down 0.1%) are among the top losers today.

Over the last one year, JSW ENERGY has moved up from Rs 393.6 to Rs 784.7, registering a gain of Rs 391.1 (up 99.4%).

On the other hand, the BSE POWER index has moved up from 4,664.3 to 8,489.8, registering a gain of 82.0% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were TORRENT POWER (up 163.2%), BHEL (up 110.5%) and ADANI GREEN ENERGY (up 99.0%).

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

What About the Benchmark Indices?

The BSE Sensex is at 84,643.4 (up 1.8%).

The top gainers among the BSE Sensex today are M&M (up 5.4%) and ICICI Bank (up 5.2%). The most traded stocks in the BSE Sensex are Tata Steel and ICICI Bank.

In the meantime, NSE Nifty is at 25,822.6 (up 1.6%). M&M and ICICI Bank are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,596.8 to 84,643.4, registering a gain of 17,046.6 points (up 25.2%).

JSW ENERGY Financial Update...

JSW ENERGY net profit grew 84.0% YoY to Rs 5,304 million for the quarter ended June 2024, compared to a profit of Rs 2,882 million a year ago. Net sales declined 1.7% to Rs 28,795 million during the period as against Rs 29,279 million in April-June 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 70.3.

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