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SUZLON ENERGY Gains 5%; BSE OIL & GAS Index Down 0.6%
Wed, 11 Sep 9:56

SUZLON ENERGY Gains 5%; BSE OIL & GAS Index Down 0.6%Image source: hudiemm/www.istockphoto.com

SUZLON ENERGY share price has zoomed 5% and is presently trading at Rs 82.0.

Meanwhile, the BSE OIL & GAS index is at 30,880.1 (down 0.6%).

Among the top gainers in the BSE OIL & GAS index today are Petronet LNG (up 0.5%) and Reliance Ind. (up 0.3%).

ONGC (down 1.9%) and Indraprastha Gas (down 0.8%) are among the top losers today.

Over the last one year, SUZLON ENERGY has moved up from Rs 24.1 to Rs 82.0, registering a gain of Rs 57.9 (up 240.7%).

On the other hand, the BSE OIL & GAS index has moved up from 19,578.7 to 30,880.1, registering a gain of 57.7% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were HPCL (up 138.0%), BPCL (up 90.0%) and IOC (up 84.6%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,978.9 (up 0.1%).

The top gainers among the BSE Sensex today are Asian Paints (up 0.8%) and Bajaj Finance (up 0.8%). The most traded stocks in the BSE Sensex are Tata Motors and Tata Steel.

In the meantime, NSE Nifty is at 25,045.8 . Bajaj Auto and Dr. Reddys are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,127.1 to 81,978.9, registering a gain of 14,851.9 points (up 22.1%).

SUZLON ENERGY Financial Update...

SUZLON ENERGY net profit grew 199.6% YoY to Rs 3,023 million for the quarter ended June 2024, compared to a profit of Rs 1,009 million a year ago. Net sales rose 49.6% to Rs 20,216 million during the period as against Rs 13,510 million in April-June 2023.

For the year ended March 2024, SUZLON ENERGY reported 77.1% decrease in net profit to Rs 6,604 million compared to net profit of Rs 28,873 million during FY23. Revenue of the company grew 9.4% to Rs 65,291 million during FY24.

The current Price to earnings ratio of SUZLON ENERGY, based on rolling 12 month earnings, stands at 129.7.


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