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TORRENT POWER Gains 14%; BSE POWER Index Up 0.9%
Wed, 31 Jul 10:52

TORRENT POWER Gains 14%; BSE POWER Index Up 0.9%Image source: DNY59/www.istockphoto.com

TORRENT POWER share price has zoomed 14% and is presently trading at Rs 1,803.0.

Meanwhile, the BSE POWER index is at 8,394.6 (up 0.9%).

Among the top gainers in the BSE POWER index today are KEC INTERNATIONAL (up 3.6%) and NTPC (up 1.8%).

Siemens (down 1.0%) and Power Grid Corp. (down 0.9%) are among the top losers today.

Over the last one year, TORRENT POWER has moved up from Rs 676.5 to Rs 1,803.0, registering a gain of Rs 1,126.5 (up 166.5%).

On the other hand, the BSE POWER index has moved up from 4,379.7 to 8,394.6, registering a gain of 91.7% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were BHEL (up 202.9%), ADANI POWER (up 170.7%) and TORRENT POWER (up 166.5%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,732.1 (up 0.3%).

The top gainers among the BSE Sensex today are Asian Paints (up 2.7%) and JSW Steel (up 1.9%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,937.8 (up 0.3%). Asian Paints and NTPC are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,527.7 to 81,732.1, registering a gain of 15,204.4 points (up 22.9%).

TORRENT POWER Financial Update...

TORRENT POWER net profit grew 87.2% YoY to Rs 9,963 million for the quarter ended June 2024, compared to a profit of Rs 5,323 million a year ago. Net sales rose 23.3% to Rs 90,337 million during the period as against Rs 73,276 million in April-June 2023.

For the year ended March 2024, TORRENT POWER reported 12.4% decrease in net profit to Rs 18,960 million compared to net profit of Rs 21,647 million during FY23. Revenue of the company grew 5.8% to Rs 271,832 million during FY24.

The current Price to earnings ratio of TORRENT POWER, based on rolling 12 month earnings, stands at 36.7.

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