ADANI ENERGY SOLUTIONS share price has plunged 4% and is presently trading at Rs 1,056.4.
Meanwhile, the BSE POWER index is at 8,147.8 (down 1.7%).
Among the top losers in the BSE POWER index today are ADANI POWER (down 5.8%) and ADANI GREEN ENERGY (down 4.3%).
Over the last one year, ADANI ENERGY SOLUTIONS has moved up from Rs 823.9 to Rs 1,056.4, registering a gain of Rs 232.5 (up 28.2%).
On the other hand, the BSE POWER index has moved up from 4,223.3 to 8,147.8, registering a gain of 92.9% during the last 12 months.
The top gainers among the BSE POWER index stocks during this same period were BHEL (up 203.9%), TORRENT POWER (up 168.9%) and ADANI POWER (up 133.7%).
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The BSE Sensex is at 79,382.1 (down 0.4%).
The top losers among the BSE Sensex today are MUNDRA PORT & SEZ (down 3.4%) and Power Grid Corp. (down 1.2%). 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 79,382.1, registering a gain of 13,535.6 points (up 20.6%).
ADANI ENERGY SOLUTIONS net profit fell 751.2% YoY to Rs -11,893 million for the quarter ended June 2024, compared to a profit of Rs 1,826 million a year ago. Net sales rose 46.8% to Rs 53,786 million during the period as against Rs 36,639 million in April-June 2023.
For the year ended March 2024, ADANI ENERGY SOLUTIONS reported 6.6% decrease in net profit to Rs 11,956 million compared to net profit of Rs 12,806 million during FY23. Revenue of the company grew 24.9% to Rs 166,074 million during FY24.
The current Price to earnings ratio of ADANI ENERGY SOLUTIONS, based on rolling 12 month earnings, stands at -735.8.
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