TORRENT POWER share price has plunged 4% and is presently trading at Rs 1,568.1.
Meanwhile, the BSE POWER index is at 7,363.5 (up 0.4%).
Among the top losers in the BSE POWER index today are ABB (down 1.7%) and Power Grid Corp. (down 1.6%).
KEC INTERNATIONAL (up 1.9%) and ADANI GREEN ENERGY (up 1.5%) are among the top gainers today.
Over the last one year, TORRENT POWER has moved up from Rs 783.4 to Rs 1,568.1, registering a gain of Rs 784.7 (up 100.2%).
On the other hand, the BSE POWER index has moved up from 4,608.8 to 7,363.5, registering a gain of 59.8% during the last 12 months.
The top gainers among the BSE POWER index stocks during this same period were TORRENT POWER (up 100.2%), Siemens (up 93.2%) and BHEL (up 72.9%).
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The BSE Sensex is at 77,784.8 (up 0.1%).
The top gainers among the BSE Sensex today are HCl Tech. (up 1.6%) and HDFC Bank (up 0.8%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.
In the meantime, NSE Nifty is at 23,586.6 (up 0.1%). Eicher Motor and HCl Tech. are among the top gainers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 65,259.5 to 77,784.8, registering a gain of 12,525.3 points (up 19.2%).
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 31.9.
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