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TORRENT POWER Plunges 4%; BSE POWER Index Down 0.2%
Wed, 21 Aug 16:57

TORRENT POWER Plunges 4%; BSE POWER Index Down 0.2%Image source: KanawatTH/www.istockphoto.com

TORRENT POWER share price has plunged 4% and is presently trading at Rs 1,724.0.

Meanwhile, the BSE POWER index is at 8,332.9 (down 0.2%).

Among the top losers in the BSE POWER index today are ADANI ENERGY SOLUTIONS (down 1.0%) and Power Grid Corp. (down 0.9%).

Thermax (up 2.7%) and ABB (up 1.4%) are among the top gainers today.

Over the last one year, TORRENT POWER has moved up from Rs 635.9 to Rs 1,724.0, registering a gain of Rs 1,088.1 (up 171.1%).

On the other hand, the BSE POWER index has moved up from 4,355.4 to 8,332.9, registering a gain of 91.3% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were BHEL (up 192.0%), TORRENT POWER (up 171.1%) and ADANI POWER (up 112.9%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,905.3 (up 0.1%).

The top gainers among the BSE Sensex today are Titan (up 2.5%) and Asian Paints (up 1.5%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 24,781.9 (up 0.3%). Divis Laboratories and Titan are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,216.1 to 80,905.3, registering a gain of 15,689.2 points (up 24.1%).

TORRENT POWER Financial Update...

TORRENT POWER net profit grew 87.2% YoY to Rs 9,963 million for the quarter ended June 2024, compared to a profit of Rs 5,323 million a year ago. Net sales rose 23.3% to Rs 90,337 million during the period as against Rs 73,276 million in April-June 2023.

For the year ended March 2024, TORRENT POWER reported 12.4% decrease in net profit to Rs 18,960 million compared to net profit of Rs 21,647 million during FY23. Revenue of the company grew 5.8% to Rs 271,832 million during FY24.

The current Price to earnings ratio of TORRENT POWER, based on rolling 12 month earnings, stands at 35.1.


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