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ADANI GREEN ENERGY Gains 3%; BSE POWER Index Down 0.7%
Mon, 2 Sep 13:22

ADANI GREEN ENERGY  Gains 3%; BSE POWER Index Down 0.7%Image source: Sakorn BernardaSv/www.istockphoto.com

ADANI GREEN ENERGY share price has zoomed 3% and is presently trading at Rs 1,894.7.

Meanwhile, the BSE POWER index is at 8,175.9 (down 0.7%).

Among the top gainers in the BSE POWER index today are ADANI POWER (up 2.1%) and NHPC (up 1.8%).

ABB (down 2.4%) and KEC INTERNATIONAL (down 1.6%) are among the top losers today.

Over the last one year, ADANI GREEN ENERGY has moved up from Rs 975.5 to Rs 1,894.7, registering a gain of Rs 919.2 (up 94.2%).

On the other hand, the BSE POWER index has moved up from 4,397.3 to 8,175.9, registering a gain of 85.9% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were TORRENT POWER (up 162.5%), BHEL (up 149.6%) and ADANI GREEN ENERGY (up 94.2%).

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What About the Benchmark Indices?

The BSE Sensex is at 82,490.8 (up 0.2%).

The top gainers among the BSE Sensex today are Bajaj Finserv (up 3.4%) and HCl Tech. (up 3.1%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 25,260.0 (up 0.1%). Bajaj Finserv and HCl Tech. are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,075.8 to 82,490.8, registering a gain of 17,415.0 points (up 26.8%).

ADANI GREEN ENERGY Financial Update...

ADANI GREEN ENERGY net profit grew 64.5% YoY to Rs 4,490 million for the quarter ended June 2024, compared to a profit of Rs 2,730 million a year ago. Net sales rose 31.1% to Rs 28,340 million during the period as against Rs 21,620 million in April-June 2023.

For the year ended March 2024, ADANI GREEN ENERGY reported 29.5% increase in net profit to Rs 12,600 million compared to net profit of Rs 9,730 million during FY23. Revenue of the company grew 18.6% to Rs 92,200 million during FY24.

The current Price to earnings ratio of ADANI GREEN ENERGY , based on rolling 12 month earnings, stands at 261.7.


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