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TORRENT POWER Plunges 5%; BSE POWER Index Down 0.5%
Thu, 19 Sep 13:31

TORRENT POWER Plunges 5%; BSE POWER Index Down 0.5%Image source: CreativaImages/www.istockphoto.com

TORRENT POWER share price has plunged 5% and is presently trading at Rs 1,835.4.

Meanwhile, the BSE POWER index is at 8,297.6 (down 0.5%).

Among the top losers in the BSE POWER index today are ABB (down 4.4%) and BHEL (down 4.0%).

NTPC (up 2.8%) and ADANI ENERGY SOLUTIONS (up 0.3%) are among the top gainers today.

Over the last one year, TORRENT POWER has moved up from Rs 722.5 to Rs 1,835.4, registering a gain of Rs 1,112.9 (up 154.0%).

On the other hand, the BSE POWER index has moved up from 4,664.3 to 8,297.6, registering a gain of 77.9% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were TORRENT POWER (up 154.0%), BHEL (up 101.3%) and ADANI GREEN ENERGY (up 94.2%).

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What About the Benchmark Indices?

The BSE Sensex is at 83,190.5 (up 0.3%).

The top gainers among the BSE Sensex today are NTPC (up 2.8%) and Nestle (up 2.1%). The most traded stocks in the BSE Sensex are NTPC and Tata Steel.

In the meantime, NSE Nifty is at 25,411.4 (up 0.1%). NTPC and Nestle are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,596.8 to 83,190.5, registering a gain of 15,593.6 points (up 23.1%).

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 37.4.


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