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INDIAN ENERGY EXCHANGE Gains 4%; BSE POWER Index Up 1.4%
Tue, 6 Aug 12:22

INDIAN ENERGY EXCHANGE  Gains 4%; BSE POWER Index Up 1.4%Image source: alexsl/www.istockphoto.com

INDIAN ENERGY EXCHANGE share price has zoomed 4% and is presently trading at Rs 195.2.

Meanwhile, the BSE POWER index is at 8,250.4 (up 1.4%).

Among the top gainers in the BSE POWER index today are TORRENT POWER (up 3.0%) and Tata Power (up 2.6%).

ADANI ENERGY SOLUTIONS (down 3.2%) is among the top losers today.

Over the last one year, INDIAN ENERGY EXCHANGE has moved up from Rs 126.9 to Rs 195.2, registering a gain of Rs 68.3 (up 53.8%).

On the other hand, the BSE POWER index has moved up from 4,264.8 to 8,250.4, registering a gain of 93.5% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were BHEL (up 195.6%), TORRENT POWER (up 173.6%) and ADANI POWER (up 160.5%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,342.6 (up 0.7%).

The top gainers among the BSE Sensex today are JSW Steel (up 3.0%) and HCl Tech. (up 2.5%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,223.8 (up 0.7%). Adani Enterprises and JSW Steel are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,782.8 to 79,342.6, registering a gain of 13,559.8 points (up 20.6%).

INDIAN ENERGY EXCHANGE Financial Update...

INDIAN ENERGY EXCHANGE net profit grew 25.1% YoY to Rs 929 million for the quarter ended June 2024, compared to a profit of Rs 742 million a year ago. Net sales rose 18.8% to Rs 1,236 million during the period as against Rs 1,040 million in April-June 2023.

For the year ended March 2024, INDIAN ENERGY EXCHANGE reported 14.7% increase in net profit to Rs 3,508 million compared to net profit of Rs 3,059 million during FY23. Revenue of the company grew 12.0% to Rs 4,492 million during FY24.

The current Price to earnings ratio of INDIAN ENERGY EXCHANGE , based on rolling 12 month earnings, stands at 48.5.


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