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CESC Gains 4%; BSE POWER Index Up 0.3%
Tue, 27 Aug 10:40

CESC Gains 4%; BSE POWER Index Up 0.3%Image source: hudiemm/www.istockphoto.com

CESC share price has zoomed 4% and is presently trading at Rs 196.4.

Meanwhile, the BSE POWER index is at 8,303.0 (up 0.3%).

Among the top gainers in the BSE POWER index today are INDIAN ENERGY EXCHANGE (up 1.3%) and ABB (up 1.3%).

NHPC (down 0.6%) and NTPC (down 0.3%) are among the top losers today.

Over the last one year, CESC has moved up from Rs 83.9 to Rs 196.4, registering a gain of Rs 112.6 (up 134.2%).

On the other hand, the BSE POWER index has moved up from 4,370.9 to 8,303.0, registering a gain of 90.0% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were BHEL (up 171.8%), TORRENT POWER (up 149.2%) and ADANI POWER (up 106.2%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,670.8 .

The top losers among the BSE Sensex today are Bajaj Finserv (down 1.2%) and JSW Steel (down 1.2%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 24,998.4 (down 0.1%). BPCL and Bajaj Finserv are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,433.3 to 81,670.8, registering a gain of 16,237.5 points (up 24.8%).

CESC Financial Update...

CESC net profit grew 5.4% YoY to Rs 3,880 million for the quarter ended June 2024, compared to a profit of Rs 3,680 million a year ago. Net sales rose 12.8% to Rs 48,630 million during the period as against Rs 43,100 million in April-June 2023.

For the year ended March 2024, CESC reported 3.6% increase in net profit to Rs 14,473 million compared to net profit of Rs 13,973 million during FY23. Revenue of the company grew 7.3% to Rs 152,932 million during FY24.

The current Price to earnings ratio of CESC, based on rolling 12 month earnings, stands at 17.7.

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