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ADANI ENERGY SOLUTIONS Gains 4%; BSE POWER Index Down 0.9%
Wed, 14 Aug 12:20

ADANI ENERGY SOLUTIONS Gains 4%; BSE POWER Index Down 0.9%Image source: alexsl/www.istockphoto.com

ADANI ENERGY SOLUTIONS share price has zoomed 4% and is presently trading at Rs 1,113.3.

Meanwhile, the BSE POWER index is at 8,083.8 (down 0.9%).

Among the top gainers in the BSE POWER index today are ABB (up 2.4%) and NTPC (up 0.2%).

NHPC (down 1.9%) and KEC INTERNATIONAL (down 1.4%) are among the top losers today.

Over the last one year, ADANI ENERGY SOLUTIONS has moved up from Rs 808.3 to Rs 1,113.3, registering a gain of Rs 305.0 (up 37.7%).

On the other hand, the BSE POWER index has moved up from 4,198.7 to 8,083.8, registering a gain of 92.5% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were BHEL (up 183.7%), TORRENT POWER (up 164.2%) and ADANI POWER (up 138.0%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,142.1 (up 0.2%).

The top gainers among the BSE Sensex today are TCS (up 2.1%) and HCl Tech. (up 1.7%). The most traded stocks in the BSE Sensex are Tata Steel and Infosys.

In the meantime, NSE Nifty is at 24,158.9 (up 0.1%). APOLLO HOSPITALS and TCS are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,401.9 to 79,142.1, registering a gain of 13,740.2 points (up 21.0%).

ADANI ENERGY SOLUTIONS Financial Update...

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 -775.4.


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