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INOX GREEN ENERGY Gains 11%; BSE OIL & GAS Index Up 0.2%
Mon, 12 Aug 14:32

INOX GREEN ENERGY Gains 11%; BSE OIL & GAS Index Up 0.2%Image source: Sakorn BernardaSv/www.istockphoto.com

INOX GREEN ENERGY share price has zoomed 11% and is presently trading at Rs 188.0.

Meanwhile, the BSE OIL & GAS index is at 31,836.9 (up 0.2%).

Among the top gainers in the BSE OIL & GAS index today are GAIL (up 2.4%) and Petronet LNG (up 2.0%).

ADANI TOTAL GAS (down 3.8%) and Reliance Ind. (down 0.8%) are among the top losers today.

Over the last one year, INOX GREEN ENERGY has moved up from Rs 70.0 to Rs 188.0, registering a gain of Rs 118.0 (up 168.7%).

On the other hand, the BSE OIL & GAS index has moved up from 18,929.5 to 31,836.9, registering a gain of 68.2% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were HPCL (up 115.1%), GAIL (up 100.0%) and ONGC (up 91.1%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,835.2 (up 0.2%).

The top gainers among the BSE Sensex today are Axis Bank (up 2.0%) and JSW Steel (up 1.6%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,407.9 (up 0.2%). Axis Bank and Hero Motocorp are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,846.5 to 79,835.2, registering a gain of 13,988.7 points (up 21.2%).

INOX GREEN ENERGY Financial Update...

INOX GREEN ENERGY net profit fell 77.1% YoY to Rs 9 million for the quarter ended June 2024, compared to a profit of Rs 41 million a year ago. Net sales declined 10.1% to Rs 509 million during the period as against Rs 566 million in April-June 2023.

For the year ended March 2023, INOX GREEN ENERGY reported 311.3% decrease in net profit to Rs -204 million compared to net loss of Rs 50 million during FY22. Revenue of the company grew 47.7% to Rs 2,542 million during FY23.

The current Price to earnings ratio of INOX GREEN ENERGY, based on rolling 12 month earnings, stands at 288.8.


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