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ORIENT GREEN POWER Gains 5%; BSE POWER Index Down 0.1%
Thu, 8 Aug 9:41

ORIENT GREEN POWER Gains 5%; BSE POWER Index Down 0.1%Image source: peterschreiber.media/www.istockphoto.com

ORIENT GREEN POWER share price has zoomed 5% and is presently trading at Rs 24.7.

Meanwhile, the BSE POWER index is at 8,245.5 (down 0.1%).

Among the top gainers in the BSE POWER index today are Thermax (up 2.0%) and TORRENT POWER (up 1.8%).

Siemens (down 2.3%) and Tata Power (down 1.2%) are among the top losers today.

Over the last one year, ORIENT GREEN POWER has moved up from Rs 14.0 to Rs 24.7, registering a gain of Rs 10.6 (up 75.9%).

On the other hand, the BSE POWER index has moved up from 4,239.8 to 8,245.5, registering a gain of 94.5% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were BHEL (up 212.2%), TORRENT POWER (up 173.4%) and ADANI POWER (up 153.5%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,281.5 (down 0.2%).

The top losers among the BSE Sensex today are Infosys (down 1.6%) and JSW Steel (down 1.5%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,221.7 (down 0.3%). JSW Steel and Infosys are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,953.5 to 79,281.5, registering a gain of 13,328.0 points (up 20.2%).

ORIENT GREEN POWER Financial Update...

ORIENT GREEN POWER net profit fell 33.0% YoY to Rs -253 million for the quarter ended March 2024, compared to a loss of Rs 190 million a year ago. Net sales declined 18.9% to Rs 360 million during the period as against Rs 444 million in January-March 2023.

For the year ended March 2024, ORIENT GREEN POWER reported 9.4% increase in net profit to Rs 384 million compared to net profit of Rs 351 million during FY23. Revenue of the company grew 4.9% to Rs 2,710 million during FY24.

The current Price to earnings ratio of ORIENT GREEN POWER, based on rolling 12 month earnings, stands at 63.0.


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