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ORIENT GREEN POWER Gains 8%; BSE POWER Index Down 0.2%
Wed, 21 Aug 13:48

ORIENT GREEN POWER Gains 8%; BSE POWER Index Down 0.2%Image source: alexsl/www.istockphoto.com

ORIENT GREEN POWER share price has zoomed 8% and is presently trading at Rs 22.4.

Meanwhile, the BSE POWER index is at 8,329.1 (down 0.2%).

Among the top gainers in the BSE POWER index today are Thermax (up 2.7%) and NTPC (up 0.6%).

TORRENT POWER (down 4.2%) and ADANI ENERGY SOLUTIONS (down 1.7%) are among the top losers today.

Over the last one year, ORIENT GREEN POWER has moved up from Rs 13.8 to Rs 22.4, registering a gain of Rs 8.5 (up 61.7%).

On the other hand, the BSE POWER index has moved up from 4,355.4 to 8,329.1, registering a gain of 91.2% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were BHEL (up 194.0%), TORRENT POWER (up 170.8%) and ADANI POWER (up 114.0%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,728.6 (down 0.1%).

The top losers among the BSE Sensex today are Ultratech Cement (down 1.6%) and Tata Steel (down 1.1%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 24,724.2 (up 0.1%). Divis Laboratories and Titan are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,216.1 to 80,728.6, registering a gain of 15,512.5 points (up 23.8%).

ORIENT GREEN POWER Financial Update...

ORIENT GREEN POWER net profit fell 35.4% YoY to Rs 60 million for the quarter ended June 2024, compared to a profit of Rs 93 million a year ago. Net sales declined 19.4% to Rs 634 million during the period as against Rs 787 million in April-June 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 74.7.


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