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TORRENT POWER Plunges 5%; BSE POWER Index Down 1.2%
Tue, 5 Nov 12:2

TORRENT POWER Plunges 5%; BSE POWER Index Down 1.2%Image source: peterschreiber.media/www.istockphoto.com

TORRENT POWER share price has plunged 5% and is presently trading at Rs 1,700.0.

Meanwhile, the BSE POWER index is at 7,644.8 (down 1.2%).

Among the top losers in the BSE POWER index today are ABB (down 5.0%) and NHPC (down 4.3%).

ADANI ENERGY SOLUTIONS (up 0.2%) and ADANI POWER (up 0.1%) are among the top gainers today.

Over the last one year, TORRENT POWER has moved up from Rs 720.3 to Rs 1,700.0, registering a gain of Rs 979.7 (up 136.0%).

On the other hand, the BSE POWER index has moved up from 4,378.7 to 7,644.8, registering a gain of 74.6% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were TORRENT POWER (up 136.0%), Siemens (up 106.9%) and BHEL (up 89.3%).

Don't Miss: Key Information for Long-term Investors

What About the Benchmark Indices?

The BSE Sensex is at 78,354.5 (down 0.5%).

The top losers among the BSE Sensex today are MUNDRA PORT & SEZ (down 3.8%) and M&M (down 1.8%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 23,863.1 (down 0.6%). MUNDRA PORT & SEZ and Coal India are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,591.3 to 78,354.5, registering a gain of 14,763.2 points (up 23.2%).

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 34.6.


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