Indiabulls Infra share price has zoomed 6% and is presently trading at Rs 84.4.
Meanwhile, the BSE POWER index is at 8,125.7 (down 0.4%).
Among the top gainers in the BSE POWER index today are ADANI ENERGY SOLUTIONS (up 1.7%) and Tata Power (up 0.6%).
ADANI POWER (down 1.4%) and Thermax (down 1.2%) are among the top losers today.
Over the last one year, Indiabulls Infra has moved up from Rs 47.9 to Rs 84.4, registering a gain of Rs 36.6 (up 76.4%).
On the other hand, the BSE POWER index has moved up from 4,198.7 to 8,125.7, registering a gain of 93.5% during the last 12 months.
The top gainers among the BSE POWER index stocks during this same period were BHEL (up 186.6%), TORRENT POWER (up 164.9%) and ADANI POWER (up 137.6%).
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The BSE Sensex is at 79,103.9 (up 0.2%).
The top gainers among the BSE Sensex today are TCS (up 1.5%) and M&M (up 1.4%). The most traded stocks in the BSE Sensex are Tata Steel and Infosys.
In the meantime, NSE Nifty is at 24,157.1 (up 0.1%). TCS and M&M are among the top gainers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 65,401.9 to 79,103.9, registering a gain of 13,702.0 points (up 21.0%).
Indiabulls Infra net profit grew 377.9% YoY to Rs 8,512 million for the quarter ended June 2024, compared to a profit of Rs 1,781 million a year ago. Net sales rose 69.5% to Rs 24,940 million during the period as against Rs 14,718 million in April-June 2023.
For the year ended March 2023, Indiabulls Infra reported 151.7% decrease in net profit to Rs -2,861 million compared to net profit of Rs 5,539 million during FY22. Revenue of the company grew 29370.4% to Rs 41,238 million during FY23.
The current Price to earnings ratio of Indiabulls Infra, based on rolling 12 month earnings, stands at 10.6.
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