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INOX GREEN ENERGY Gains 6%; BSE OIL & GAS Index Up 0.8%
Thu, 12 Sep 14:9

INOX GREEN ENERGY Gains 6%; BSE OIL & GAS Index Up 0.8%Image source: Chunumunu/www.istockphoto.com

INOX GREEN ENERGY share price has zoomed 6% and is presently trading at Rs 213.7.

Meanwhile, the BSE OIL & GAS index is at 30,609.6 (up 0.8%).

Among the top gainers in the BSE OIL & GAS index today are ONGC (up 1.9%) and IOC (up 1.7%).

GUJARAT GAS (down 0.7%) and Indraprastha Gas (down 0.6%) are among the top losers today.

Over the last one year, INOX GREEN ENERGY has moved up from Rs 69.7 to Rs 213.7, registering a gain of Rs 144.0 (up 206.7%).

On the other hand, the BSE OIL & GAS index has moved up from 19,578.7 to 30,609.6, registering a gain of 56.3% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were HPCL (up 132.3%), BPCL (up 88.3%) and IOC (up 81.4%).

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

What About the Benchmark Indices?

The BSE Sensex is at 82,018.4 (up 0.6%).

The top gainers among the BSE Sensex today are NTPC (up 2.6%) and M&M (up 2.2%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,134.0 (up 0.9%). Hindalco and Shriram Transport are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,127.1 to 82,018.4, registering a gain of 14,891.4 points (up 22.2%).

INOX GREEN ENERGY Financial Update...

INOX GREEN ENERGY net profit fell 77.1% YoY to Rs 9 million for the quarter ended June 2024, compared to a profit of Rs 41 million a year ago. Net sales declined 10.1% to Rs 509 million during the period as against Rs 566 million in April-June 2023.

For the year ended March 2024, INOX GREEN ENERGY reported 164.1% increase in net profit to Rs 298 million compared to net loss of Rs 465 million during FY23. Revenue of the company fell 10.4% to Rs 2,243 million during FY24.

The current Price to earnings ratio of INOX GREEN ENERGY, based on rolling 12 month earnings, stands at 328.4.

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