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JSW ENERGY Plunges 6%; BSE POWER Index Down 4.3%
Mon, 5 Aug 11:28

JSW ENERGY Plunges 6%; BSE POWER Index Down 4.3%Image source: Ivcandy/www.istockphoto.com

JSW ENERGY share price has plunged 6% and is presently trading at Rs 679.0.

Meanwhile, the BSE POWER index is at 8,110.0 (down 4.3%).

Among the top losers in the BSE POWER index today are KEC INTERNATIONAL (down 7.4%) and ADANI ENERGY SOLUTIONS (down 6.7%).

Over the last one year, JSW ENERGY has moved up from Rs 295.9 to Rs 679.0, registering a gain of Rs 383.1 (up 129.5%).

On the other hand, the BSE POWER index has moved up from 4,365.8 to 8,110.0, registering a gain of 85.8% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were BHEL (up 173.6%), TORRENT POWER (up 160.0%) and ADANI POWER (up 156.2%).

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What About the Benchmark Indices?

The BSE Sensex is at 78,477.9 (down 3.1%).

The top losers among the BSE Sensex today are Tata Motors (down 6.6%) and Tata Steel (down 5.4%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 23,914.3 (down 3.3%). Tata Motors and ONGC are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,459.3 to 78,477.9, registering a gain of 12,018.6 points (up 18.1%).

JSW ENERGY Financial Update...

JSW ENERGY net profit grew 84.0% YoY to Rs 5,304 million for the quarter ended June 2024, compared to a profit of Rs 2,882 million a year ago. Net sales declined 1.7% to Rs 28,795 million during the period as against Rs 29,279 million in April-June 2023.

For the year ended March 2024, JSW ENERGY reported 16.5% increase in net profit to Rs 17,247 million compared to net profit of Rs 14,801 million during FY23. Revenue of the company grew 11.2% to Rs 114,859 million during FY24.

The current Price to earnings ratio of JSW ENERGY, based on rolling 12 month earnings, stands at 60.8.

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