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JSW ENERGY Gains 4%; BSE POWER Index Down 0.5%
Mon, 9 Sep 9:59

JSW ENERGY Gains 4%; BSE POWER Index Down 0.5%Image source: ipopba/www.istockphoto.com

JSW ENERGY share price has zoomed 4% and is presently trading at Rs 732.3.

Meanwhile, the BSE POWER index is at 7,948.3 (down 0.5%).

Among the top gainers in the BSE POWER index today are INDIAN ENERGY EXCHANGE (up 1.2%) and Thermax (up 0.3%).

KEC INTERNATIONAL (down 2.2%) and NTPC (down 1.4%) are among the top losers today.

Over the last one year, JSW ENERGY has moved up from Rs 378.8 to Rs 732.3, registering a gain of Rs 353.5 (up 93.3%).

On the other hand, the BSE POWER index has moved up from 4,549.6 to 7,948.3, registering a gain of 74.7% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were TORRENT POWER (up 141.8%), ADANI GREEN ENERGY (up 94.1%) and BHEL (up 90.7%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,180.3 .

The top losers among the BSE Sensex today are NTPC (down 1.4%) and MUNDRA PORT & SEZ (down 1.4%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,838.4 (down 0.1%). ONGC and Hindalco are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,780.3 to 81,180.3, registering a gain of 15,400.1 points (up 23.4%).

JSW ENERGY Financial Update...

JSW ENERGY net profit grew 84.0% YoY to Rs 5,304 million for the quarter ended June 2024, compared to a profit of Rs 2,882 million a year ago. Net sales declined 1.7% to Rs 28,795 million during the period as against Rs 29,279 million in April-June 2023.

For the year ended March 2024, JSW ENERGY reported 16.5% increase in net profit to Rs 17,247 million compared to net profit of Rs 14,801 million during FY23. Revenue of the company grew 11.2% to Rs 114,859 million during FY24.

The current Price to earnings ratio of JSW ENERGY, based on rolling 12 month earnings, stands at 65.6.

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