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ADANI GREEN ENERGY Gains 8%; BSE POWER Index Up 2.0%
Mon, 16 Sep 13:36

ADANI GREEN ENERGY  Gains 8%; BSE POWER Index Up 2.0%Image source: asbe/www.istockphoto.com

ADANI GREEN ENERGY share price has zoomed 8% and is presently trading at Rs 1,918.1.

Meanwhile, the BSE POWER index is at 8,380.5 (up 2.0%).

Among the top gainers in the BSE POWER index today are ADANI POWER (up 6.4%) and Thermax (up 5.4%).

KEC INTERNATIONAL (down 1.5%) and INDIAN ENERGY EXCHANGE (down 0.1%) are among the top losers today.

Over the last one year, ADANI GREEN ENERGY has moved up from Rs 1,005.6 to Rs 1,918.1, registering a gain of Rs 912.6 (up 90.8%).

On the other hand, the BSE POWER index has moved up from 4,601.3 to 8,380.5, registering a gain of 82.1% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were TORRENT POWER (up 147.1%), BHEL (up 114.5%) and ADANI GREEN ENERGY (up 90.8%).

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What About the Benchmark Indices?

The BSE Sensex is at 83,024.9 (up 0.2%).

The top gainers among the BSE Sensex today are JSW Steel (up 2.1%) and NTPC (up 1.9%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,398.0 (up 0.2%). JSW Steel and NTPC are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,221.1 to 83,024.9, registering a gain of 15,803.8 points (up 23.5%).

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 264.9.


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