TORRENT POWER share price has plunged 5% and is presently trading at Rs 1,761.5.
Meanwhile, the BSE POWER index is at 8,158.4 (down 3.7%).
Among the top losers in the BSE POWER index today are Thermax (down 6.8%) and KEC INTERNATIONAL (down 6.3%).
Over the last one year, TORRENT POWER has moved up from Rs 677.4 to Rs 1,761.5, registering a gain of Rs 1,084.1 (up 160.0%).
On the other hand, the BSE POWER index has moved up from 4,365.8 to 8,158.4, registering a gain of 86.9% during the last 12 months.
The top gainers among the BSE POWER index stocks during this same period were BHEL (up 177.0%), TORRENT POWER (up 160.0%) and ADANI POWER (up 156.5%).
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The BSE Sensex is at 78,666.8 (down 2.9%).
The top losers among the BSE Sensex today are Tata Motors (down 5.3%) and MUNDRA PORT & SEZ (down 5.0%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.
In the meantime, NSE Nifty is at 24,022.6 (down 2.8%). ONGC and Tata Motors are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 66,459.3 to 78,666.8, registering a gain of 12,207.5 points (up 18.4%).
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 35.9.
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