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NTPC Plunges 5%; BSE POWER Index Down 3.7%
Mon, 7 Oct 14:44

NTPC Plunges 5%; BSE POWER Index Down 3.7%Image source: ipopba/www.istockphoto.com

NTPC share price has plunged 5% and is presently trading at Rs 410.4.

Meanwhile, the BSE POWER index is at 8,043.5 (down 3.7%).

Among the top losers in the BSE POWER index today are Tata Power (down 5.5%) and INDIAN ENERGY EXCHANGE (down 4.8%).

Over the last one year, NTPC has moved up from Rs 241.2 to Rs 410.4, registering a gain of Rs 169.2 (up 70.2%).

On the other hand, the BSE POWER index has moved up from 4,621.4 to 8,043.5, registering a gain of 74.0% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were TORRENT POWER (up 142.1%), Siemens (up 96.2%) and BHEL (up 94.8%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,978.5 (down 0.9%).

The top losers among the BSE Sensex today are MUNDRA PORT & SEZ (down 4.4%) and Power Grid Corp. (down 3.8%). The most traded stocks in the BSE Sensex are Tata Steel and Axis Bank.

In the meantime, NSE Nifty is at 24,748.4 (down 1.1%). MUNDRA PORT & SEZ and Coal India are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,512.1 to 80,978.5, registering a gain of 15,466.4 points (up 23.6%).

NTPC Financial Update...

NTPC net profit grew 14.7% YoY to Rs 53,593 million for the quarter ended June 2024, compared to a profit of Rs 46,723 million a year ago. Net sales rose 12.6% to Rs 485,206 million during the period as against Rs 430,751 million in April-June 2023.

For the year ended March 2024, NTPC reported 24.6% increase in net profit to Rs 213,325 million compared to net profit of Rs 171,214 million during FY23. Revenue of the company grew 1.2% to Rs 1,753,867 million during FY24.

The current Price to earnings ratio of NTPC, based on rolling 12 month earnings, stands at 20.5.

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