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ORIENT GREEN POWER Plunges 9%; BSE POWER Index Up 0.8%
Tue, 13 Aug 9:22

ORIENT GREEN POWER Plunges 9%; BSE POWER Index Up 0.8%Image source: Chunumunu/www.istockphoto.com

ORIENT GREEN POWER share price has plunged 9% and is presently trading at Rs 21.5.

Meanwhile, the BSE POWER index is at 8,301.0 (up 0.8%).

Among the top losers in the BSE POWER index today are Power Grid Corp. (down 0.5%) and INDIAN ENERGY EXCHANGE (down 0.4%).

ADANI ENERGY SOLUTIONS (up 4.2%) and ADANI GREEN ENERGY (up 2.1%) are among the top gainers today.

Over the last one year, ORIENT GREEN POWER has moved up from Rs 13.5 to Rs 21.5, registering a gain of Rs 8.0 (up 59.8%).

On the other hand, the BSE POWER index has moved up from 4,225.0 to 8,301.0, registering a gain of 96.5% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were BHEL (up 196.7%), TORRENT POWER (up 165.7%) and ADANI POWER (up 151.9%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,547.5 (down 0.1%).

The top losers among the BSE Sensex today are HDFC Bank (down 2.2%) and Tata Motors (down 0.8%). The most traded stocks in the BSE Sensex are Tata Steel and HDFC Bank.

In the meantime, NSE Nifty is at 24,330.5 (down 0.1%). HDFC Bank and Divis Laboratories are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,995.8 to 79,547.5, registering a gain of 13,551.7 points (up 20.5%).

ORIENT GREEN POWER Financial Update...

ORIENT GREEN POWER net profit fell 33.0% YoY to Rs -253 million for the quarter ended March 2024, compared to a loss of Rs 190 million a year ago. Net sales declined 18.9% to Rs 360 million during the period as against Rs 444 million in January-March 2023.

For the year ended March 2024, ORIENT GREEN POWER reported 9.4% increase in net profit to Rs 384 million compared to net profit of Rs 351 million during FY23. Revenue of the company grew 4.9% to Rs 2,710 million during FY24.

The current Price to earnings ratio of ORIENT GREEN POWER, based on rolling 12 month earnings, stands at 54.9.


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