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ORIENT GREEN POWER Gains 10%; BSE POWER Index Up 2.1%
Mon, 16 Sep 13:40

ORIENT GREEN POWER Gains 10%; BSE POWER Index Up 2.1%Image source: Sakorn BernardaSv/www.istockphoto.com

ORIENT GREEN POWER share price has zoomed 10% and is presently trading at Rs 22.2.

Meanwhile, the BSE POWER index is at 8,381.3 (up 2.1%).

Among the top gainers in the BSE POWER index today are ADANI GREEN ENERGY (up 7.3%) and ADANI POWER (up 6.4%).

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

Over the last one year, ORIENT GREEN POWER has moved up from Rs 12.8 to Rs 22.2, registering a gain of Rs 9.3 (up 72.7%).

On the other hand, the BSE POWER index has moved up from 4,601.3 to 8,381.3, registering a gain of 82.2% 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%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 83,042.9 (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 25,401.0 (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 83,042.9, registering a gain of 15,821.8 points (up 23.5%).

ORIENT GREEN POWER Financial Update...

ORIENT GREEN POWER net profit fell 35.4% YoY to Rs 60 million for the quarter ended June 2024, compared to a profit of Rs 93 million a year ago. Net sales declined 5.6% to Rs 634 million during the period as against Rs 672 million in April-June 2023.

For the year ended March 2024, ORIENT GREEN POWER reported 9.4% increase in net profit to Rs 384 million compared to net profit of Rs 351 million during FY23. Revenue of the company grew 4.9% to Rs 2,710 million during FY24.

The current Price to earnings ratio of ORIENT GREEN POWER, based on rolling 12 month earnings, stands at 74.0.

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