Helping You Build Wealth With Honest Research
Since 1996. Read On...

MEMBER'S LOGINX

     
Invalid Username / Password
   
     
   
     
 
Invalid Captcha
   
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

INDIAN ENERGY EXCHANGE Gains 4%; BSE POWER Index Up 2.1%
Wed, 7 Aug 15:28

INDIAN ENERGY EXCHANGE  Gains 4%; BSE POWER Index Up 2.1%Image source: phive2015/www.istockphoto.com

INDIAN ENERGY EXCHANGE share price has zoomed 4% and is presently trading at Rs 197.6.

Meanwhile, the BSE POWER index is at 8,255.0 (up 2.1%).

Among the top gainers in the BSE POWER index today are BHEL (up 6.2%) and ABB (up 5.6%).

Tata Power (down 1.4%) and Thermax (down 1.3%) are among the top losers today.

Over the last one year, INDIAN ENERGY EXCHANGE has moved up from Rs 126.9 to Rs 197.6, registering a gain of Rs 70.8 (up 55.8%).

On the other hand, the BSE POWER index has moved up from 4,239.8 to 8,255.0, registering a gain of 94.7% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were BHEL (up 215.9%), TORRENT POWER (up 168.9%) and ADANI POWER (up 152.7%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,483.5 (up 1.1%).

The top gainers among the BSE Sensex today are MUNDRA PORT & SEZ (up 3.6%) and Power Grid Corp. (up 3.3%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,305.7 (up 1.3%). ONGC and Coal India are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,953.5 to 79,483.5, registering a gain of 13,530.0 points (up 20.5%).

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 49.1.


Equitymaster requests your view! Post a comment on "INDIAN ENERGY EXCHANGE Gains 4%; BSE POWER Index Up 2.1%". Click here!