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ADANI ENERGY SOLUTIONS Gains 8%; BSE POWER Index Up 1.5%
Tue, 30 Jul 16:10

ADANI ENERGY SOLUTIONS Gains 8%; BSE POWER Index Up 1.5%Image source: StarLineArts/www.istockphoto.com

ADANI ENERGY SOLUTIONS share price has zoomed 8% and is presently trading at Rs 1,136.0.

Meanwhile, the BSE POWER index is at 8,321.3 (up 1.5%).

Among the top gainers in the BSE POWER index today are NTPC (up 3.3%) and Power Grid Corp. (up 2.0%).

BHEL (down 1.7%) and ABB (down 1.5%) are among the top losers today.

Over the last one year, ADANI ENERGY SOLUTIONS has moved up from Rs 814.4 to Rs 1,136.0, registering a gain of Rs 321.6 (up 39.5%).

On the other hand, the BSE POWER index has moved up from 4,186.3 to 8,321.3, registering a gain of 98.8% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were BHEL (up 214.1%), ADANI POWER (up 185.7%) and TORRENT POWER (up 149.9%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,411.0 (up 0.1%).

The top gainers among the BSE Sensex today are Tata Motors (up 3.4%) and NTPC (up 3.3%). The most traded stocks in the BSE Sensex are Tata Steel and Axis Bank.

In the meantime, NSE Nifty is at 24,840.9 . Tata Motors and NTPC are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,707.2 to 81,411.0, registering a gain of 14,703.8 points (up 22.0%).

ADANI ENERGY SOLUTIONS Financial Update...

ADANI ENERGY SOLUTIONS net profit fell 751.2% YoY to Rs -11,893 million for the quarter ended June 2024, compared to a profit of Rs 1,826 million a year ago. Net sales rose 46.8% to Rs 53,786 million during the period as against Rs 36,639 million in April-June 2023.

For the year ended March 2024, ADANI ENERGY SOLUTIONS reported 6.6% decrease in net profit to Rs 11,956 million compared to net profit of Rs 12,806 million during FY23. Revenue of the company grew 24.9% to Rs 166,074 million during FY24.

The current Price to earnings ratio of ADANI ENERGY SOLUTIONS, based on rolling 12 month earnings, stands at -734.8.


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