TORRENT POWER share price has zoomed 7% and is presently trading at Rs 1,614.7.
Meanwhile, the BSE POWER index is at 7,503.1 (up 0.2%).
Among the top gainers in the BSE POWER index today are ADANI GREEN ENERGY (up 1.5%) and KEC INTERNATIONAL (up 1.0%).
ADANI ENERGY SOLUTIONS (down 3.8%) and NTPC (down 1.1%) are among the top losers today.
Over the last one year, TORRENT POWER has moved up from Rs 843.9 to Rs 1,614.7, registering a gain of Rs 770.9 (up 91.3%).
On the other hand, the BSE POWER index has moved up from 4,892.0 to 7,503.1, registering a gain of 53.4% during the last 12 months.
The top gainers among the BSE POWER index stocks during this same period were Siemens (up 109.2%), TORRENT POWER (up 91.3%) and KEC INTERNATIONAL (up 87.7%).
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The BSE Sensex is at 79,695.0 (down 0.1%).
The top losers among the BSE Sensex today are Indusind Bank (down 1.4%) and L&T (down 1.2%). The most traded stocks in the BSE Sensex are Tata Steel and Kotak Bank.
In the meantime, NSE Nifty is at 24,112.7 (down 0.1%). HDFC LIFE INSURANCE and Indusind Bank are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 66,174.2 to 79,695.0, registering a gain of 13,520.8 points (up 20.4%).
TORRENT POWER net profit fell 8.6% YoY to Rs 4,957 million for the quarter ended September 2024, compared to a profit of Rs 5,426 million a year ago. Net sales rose 3.1% to Rs 71,758 million during the period as against Rs 69,609 million in July-September 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 33.5.
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