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INDIAN ENERGY EXCHANGE Gains 4%; BSE POWER Index Up 0.2%
Wed, 28 Aug 12:4

INDIAN ENERGY EXCHANGE  Gains 4%; BSE POWER Index Up 0.2%Image source: alexsl/www.istockphoto.com

INDIAN ENERGY EXCHANGE share price has zoomed 4% and is presently trading at Rs 203.6.

Meanwhile, the BSE POWER index is at 8,280.2 (up 0.2%).

Among the top gainers in the BSE POWER index today are Power Grid Corp. (up 1.1%) and NTPC (up 0.3%).

ADANI GREEN ENERGY (down 1.6%) and ADANI ENERGY SOLUTIONS (down 1.0%) are among the top losers today.

Over the last one year, INDIAN ENERGY EXCHANGE has moved up from Rs 124.9 to Rs 203.6, registering a gain of Rs 78.7 (up 63.0%).

On the other hand, the BSE POWER index has moved up from 4,349.4 to 8,280.2, registering a gain of 90.4% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were BHEL (up 170.4%), TORRENT POWER (up 151.5%) and ADANI POWER (up 102.8%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,961.2 (up 0.3%).

The top gainers among the BSE Sensex today are Infosys (up 2.5%) and Indusind Bank (up 2.2%). The most traded stocks in the BSE Sensex are Tata Steel and Infosys.

In the meantime, NSE Nifty is at 25,094.3 (up 0.3%). LTIMINDTREE and Wipro are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,996.6 to 81,961.2, registering a gain of 16,964.6 points (up 26.1%).

INDIAN ENERGY EXCHANGE Financial Update...

INDIAN ENERGY EXCHANGE net profit grew 25.1% YoY to Rs 929 million for the quarter ended June 2024, compared to a profit of Rs 742 million a year ago. Net sales rose 18.8% to Rs 1,236 million during the period as against Rs 1,040 million in April-June 2023.

For the year ended March 2024, INDIAN ENERGY EXCHANGE reported 14.7% increase in net profit to Rs 3,508 million compared to net profit of Rs 3,059 million during FY23. Revenue of the company grew 12.0% to Rs 4,492 million during FY24.

The current Price to earnings ratio of INDIAN ENERGY EXCHANGE , based on rolling 12 month earnings, stands at 50.6.


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