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JSW ENERGY Plunges 3%; BSE POWER Index Down 1.5%
Wed, 19 Jun 11:15

JSW ENERGY share price has plunged 3% and is presently trading at Rs 687.9.

Meanwhile, the BSE POWER index is at 7,839.1 (down 1.5%).

Among the top losers in the BSE POWER index today are KEC INTERNATIONAL (down 4.0%) and ADANI POWER (down 2.9%).

Over the last one year, JSW ENERGY has moved up from Rs 266.0 to Rs 687.9, registering a gain of Rs 421.9 (up 158.6%).

On the other hand, the BSE POWER index has moved up from 3,993.7 to 7,839.1, registering a gain of 96.3% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were BHEL (up 257.5%), ADANI POWER (up 173.7%) and TORRENT POWER (up 139.1%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 77,225.6 (down 0.1%).

The top losers among the BSE Sensex today are Titan (down 2.9%) and L&T (down 1.8%). The most traded stocks in the BSE Sensex are Tata Steel and HDFC Bank.

In the meantime, NSE Nifty is at 23,490.1 (down 0.3%). Titan and LTIMINDTREE are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,228.5 to 77,225.6, registering a gain of 13,997.1 points (up 22.1%).

JSW ENERGY Financial Update...

JSW ENERGY net profit grew 17.5% YoY to Rs 3,384 million for the quarter ended March 2024, compared to a profit of Rs 2,881 million a year ago. Net sales rose 3.2% to Rs 27,559 million during the period as against Rs 26,700 million in January-March 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 70.4.

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