TORRENT POWER share price has zoomed 4% and is presently trading at Rs 1,848.5.
Meanwhile, the BSE POWER index is at 8,403.0 (up 0.4%).
Among the top gainers in the BSE POWER index today are NTPC (up 0.8%) and BHEL (up 0.3%).
ADANI GREEN ENERGY (down 1.1%) and KEC INTERNATIONAL (down 1.1%) are among the top losers today.
Over the last one year, TORRENT POWER has moved up from Rs 722.5 to Rs 1,848.5, registering a gain of Rs 1,126.0 (up 155.8%).
On the other hand, the BSE POWER index has moved up from 4,664.3 to 8,403.0, registering a gain of 80.2% during the last 12 months.
The top gainers among the BSE POWER index stocks during this same period were TORRENT POWER (up 155.8%), BHEL (up 110.1%) and ADANI GREEN ENERGY (up 92.3%).
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The BSE Sensex is at 82,984.3 (down 0.1%).
The top losers among the BSE Sensex today are Tech Mahindra (down 1.9%) and Infosys (down 1.6%). The most traded stocks in the BSE Sensex are Tata Motors and NTPC.
In the meantime, NSE Nifty is at 25,394.2 (down 0.1%). Wipro and Tech Mahindra are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 67,596.8 to 82,984.3, registering a gain of 15,387.5 points (up 22.8%).
TORRENT POWER net profit grew 87.2% YoY to Rs 9,963 million for the quarter ended June 2024, compared to a profit of Rs 5,323 million a year ago. Net sales rose 23.3% to Rs 90,337 million during the period as against Rs 73,276 million in April-June 2023.
For the year ended March 2024, TORRENT POWER reported 12.4% decrease in net profit to Rs 18,960 million compared to net profit of Rs 21,647 million during FY23. Revenue of the company grew 5.8% to Rs 271,832 million during FY24.
The current Price to earnings ratio of TORRENT POWER, based on rolling 12 month earnings, stands at 37.6.
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