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INDOWIND ENERGY Plunges 5%; BSE OIL & GAS Index Up 0.4%
Wed, 21 Aug 10:6

INDOWIND ENERGY Plunges 5%; BSE OIL & GAS Index Up 0.4%Image source: bluebay2014/www.istockphoto.com

INDOWIND ENERGY share price has plunged 5% and is presently trading at Rs 26.4.

Meanwhile, the BSE OIL & GAS index is at 32,598.6 (up 0.4%).

Among the top losers in the BSE OIL & GAS index today is ONGC .

GUJARAT GAS (up 0.8%) and Indraprastha Gas (up 0.7%) are among the top gainers today.

Over the last one year, INDOWIND ENERGY has moved up from Rs 12.8 to Rs 26.4, registering a gain of Rs 13.5 (up 105.7%).

On the other hand, the BSE OIL & GAS index has moved up from 18,865.5 to 32,598.6, registering a gain of 72.8% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were HPCL (up 129.5%), GAIL (up 108.3%) and BPCL (up 100.0%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,694.0 (down 0.1%).

The top losers among the BSE Sensex today are Ultratech Cement (down 2.0%) and ICICI Bank (down 0.9%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,697.8 . Ultratech Cement and ICICI Bank are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,216.1 to 80,694.0, registering a gain of 15,477.9 points (up 23.7%).

INDOWIND ENERGY Financial Update...

INDOWIND ENERGY net profit fell 3.6% YoY to Rs 17 million for the quarter ended June 2024, compared to a profit of Rs 18 million a year ago. Net sales declined 28.5% to Rs 55 million during the period as against Rs 76 million in April-June 2023.

For the year ended March 2023, INDOWIND ENERGY reported 15217.3% decrease in net profit to Rs -193 million compared to net profit of Rs 1 million during FY22. Revenue of the company grew 38.3% to Rs 340 million during FY23.

The current Price to earnings ratio of INDOWIND ENERGY, based on rolling 12 month earnings, stands at 47.1.

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