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SUZLON ENERGY Gains 3%; BSE OIL & GAS Index Down 1.0%
Thu, 8 Aug 9:28

SUZLON ENERGY Gains 3%; BSE OIL & GAS Index Down 1.0%Image source: Eoneren/www.istockphoto.com

SUZLON ENERGY share price has zoomed 3% and is presently trading at Rs 70.8.

Meanwhile, the BSE OIL & GAS index is at 31,685.5 (down 1.0%).

ONGC (down 1.4%) and GUJARAT GAS (down 1.3%) are among the top losers today.

Over the last one year, SUZLON ENERGY has moved up from Rs 18.7 to Rs 70.8, registering a gain of Rs 52.2 (up 279.6%).

On the other hand, the BSE OIL & GAS index has moved up from 18,945.7 to 31,685.5, registering a gain of 67.2% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were HPCL (up 120.9%), GAIL (up 102.4%) and BPCL (up 88.3%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,189.3 (down 0.4%).

The top losers among the BSE Sensex today are JSW Steel (down 1.5%) and Infosys (down 1.4%). The most traded stocks in the BSE Sensex are Tata Steel and Nestle.

In the meantime, NSE Nifty is at 24,230.3 (down 0.3%). Shriram Transport 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 79,189.3, registering a gain of 13,235.8 points (up 20.1%).

SUZLON ENERGY Financial Update...

SUZLON ENERGY net profit grew 199.6% YoY to Rs 3,023 million for the quarter ended June 2024, compared to a profit of Rs 1,009 million a year ago. Net sales rose 49.6% to Rs 20,216 million during the period as against Rs 13,510 million in April-June 2023.

For the year ended March 2023, SUZLON ENERGY reported 1837.3% increase in net profit to Rs 28,873 million compared to net loss of Rs 1,662 million during FY22. Revenue of the company fell 9.3% to Rs 59,705 million during FY23.

The current Price to earnings ratio of SUZLON ENERGY, based on rolling 12 month earnings, stands at 112.1.


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