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TORRENT POWER Plunges 4%; BSE POWER Index Down 0.2%
Fri, 22 Nov 9:56

TORRENT POWER Plunges 4%; BSE POWER Index Down 0.2%Image source: Ivcandy/www.istockphoto.com

TORRENT POWER share price has plunged 4% and is presently trading at Rs 1,514.0.

Meanwhile, the BSE POWER index is at 7,199.7 (down 0.2%).

Among the top losers in the BSE POWER index today are ADANI GREEN ENERGY (down 8.6%) and ADANI ENERGY SOLUTIONS (down 6.7%).

KEC INTERNATIONAL (up 2.8%) and Siemens (up 1.6%) are among the top gainers today.

Over the last one year, TORRENT POWER has moved up from Rs 824.8 to Rs 1,514.0, registering a gain of Rs 689.2 (up 83.6%).

On the other hand, the BSE POWER index has moved up from 4,654.7 to 7,199.7, registering a gain of 54.7% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were Siemens (up 88.4%), TORRENT POWER (up 83.6%) and KEC INTERNATIONAL (up 70.2%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 77,459.6 (up 0.4%).

The top gainers among the BSE Sensex today are ICICI Bank (up 1.6%) and SBI (up 1.5%). The most traded stocks in the BSE Sensex are MUNDRA PORT & SEZ and Tata Steel.

In the meantime, NSE Nifty is at 23,455.1 (up 0.5%). APOLLO HOSPITALS and Power Grid Corp. are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,655.2 to 77,459.6, registering a gain of 11,804.5 points (up 18.0%).

TORRENT POWER Financial Update...

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 31.5.


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