ADANI POWER share price has plunged 6% and is presently trading at Rs 656.1.
Meanwhile, the BSE POWER index is at 8,166.8 (down 1.5%).
Among the top losers in the BSE POWER index today are ADANI GREEN ENERGY (down 5.9%) and ADANI ENERGY SOLUTIONS (down 3.3%).
Over the last one year, ADANI POWER has moved up from Rs 280.3 to Rs 656.1, registering a gain of Rs 375.9 (up 134.1%).
On the other hand, the BSE POWER index has moved up from 4,223.3 to 8,166.8, registering a gain of 93.4% during the last 12 months.
The top gainers among the BSE POWER index stocks during this same period were BHEL (up 204.6%), TORRENT POWER (up 170.7%) and ADANI POWER (up 134.1%).
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The BSE Sensex is at 79,467.9 (down 0.3%).
The top losers among the BSE Sensex today are MUNDRA PORT & SEZ (down 2.8%) and Power Grid Corp. (down 1.3%). The most traded stocks in the BSE Sensex are Tata Steel and MUNDRA PORT & SEZ.
In the meantime, NSE Nifty is at 24,268.7 (down 0.4%). Adani Enterprises and MUNDRA PORT & SEZ are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 65,846.5 to 79,467.9, registering a gain of 13,621.4 points (up 20.7%).
ADANI POWER net profit fell 55.3% YoY to Rs 39,128 million for the quarter ended June 2024, compared to a profit of Rs 87,594 million a year ago. Net sales rose 35.9% to Rs 149,556 million during the period as against Rs 110,055 million in April-June 2023.
For the year ended March 2024, ADANI POWER reported 94.2% increase in net profit to Rs 208,288 million compared to net profit of Rs 107,266 million during FY23. Revenue of the company grew 29.9% to Rs 503,513 million during FY24.
The current Price to earnings ratio of ADANI POWER, based on rolling 12 month earnings, stands at 15.8.
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