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INOX GREEN ENERGY Gains 7%; BSE OIL & GAS Index Up 1.8%
Mon, 19 Aug 10:25

INOX GREEN ENERGY Gains 7%; BSE OIL & GAS Index Up 1.8%Image source: Sefa Ozel/www.istockphoto.com

INOX GREEN ENERGY share price has zoomed 7% and is presently trading at Rs 196.8.

Meanwhile, the BSE OIL & GAS index is at 32,461.9 (up 1.8%).

Among the top gainers in the BSE OIL & GAS index today are HPCL (up 3.3%) and BPCL (up 2.7%).

GUJARAT GAS (down 0.2%) is among the top losers today.

Over the last one year, INOX GREEN ENERGY has moved up from Rs 68.8 to Rs 196.8, registering a gain of Rs 128.0 (up 186.2%).

On the other hand, the BSE OIL & GAS index has moved up from 18,983.0 to 32,461.9, registering a gain of 71.0% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were HPCL (up 123.2%), GAIL (up 110.0%) and BPCL (up 91.7%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 80,465.8 .

The top gainers among the BSE Sensex today are NTPC (up 1.7%) and Reliance Ind. (up 1.2%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,574.5 (up 0.1%). Hindalco and BPCL are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,401.9 to 80,465.8, registering a gain of 15,063.8 points (up 23.0%).

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 302.4.

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