Helping You Build Wealth With Honest Research
Since 1996. Read On...

MEMBER'S LOGINX

     
Invalid Username / Password
   
     
   
     
 
Invalid Captcha
   
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

TORRENT POWER Gains 4%; BSE POWER Index Up 0.4%
Wed, 18 Sep 9:23

TORRENT POWER Gains 4%; BSE POWER Index Up 0.4%Image source: Sakorn BernardaSv/www.istockphoto.com

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%).

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

What About the Benchmark Indices?

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 Financial Update...

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.


Equitymaster requests your view! Post a comment on "TORRENT POWER Gains 4%; BSE POWER Index Up 0.4%". Click here!