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INDIAN ENERGY EXCHANGE Plunges 6%; BSE POWER Index Up 0.7%
Tue, 24 Sep 11:9

INDIAN ENERGY EXCHANGE  Plunges 6%; BSE POWER Index Up 0.7%Image source: peterschreiber.media/www.istockphoto.com

INDIAN ENERGY EXCHANGE share price has plunged 6% and is presently trading at Rs 224.6.

Meanwhile, the BSE POWER index is at 8,636.4 (up 0.7%).

Among the top losers in the BSE POWER index today are Thermax (down 0.9%) and NHPC (down 0.4%).

Tata Power (up 2.0%) and Power Grid Corp. (up 1.8%) are among the top gainers today.

Over the last one year, INDIAN ENERGY EXCHANGE has moved up from Rs 133.0 to Rs 224.6, registering a gain of Rs 91.7 (up 68.9%).

On the other hand, the BSE POWER index has moved up from 4,680.8 to 8,636.4, registering a gain of 84.5% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were TORRENT POWER (up 162.9%), BHEL (up 124.9%) and ADANI GREEN ENERGY (up 101.7%).

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What About the Benchmark Indices?

The BSE Sensex is at 84,968.1 .

The top gainers among the BSE Sensex today are Tata Steel (up 3.0%) and Power Grid Corp. (up 1.8%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,947.8 . Tata Steel and Hindalco are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,800.8 to 84,968.1, registering a gain of 18,167.3 points (up 27.2%).

INDIAN ENERGY EXCHANGE Financial Update...

INDIAN ENERGY EXCHANGE net profit grew 25.1% YoY to Rs 929 million for the quarter ended June 2024, compared to a profit of Rs 742 million a year ago. Net sales rose 18.8% to Rs 1,236 million during the period as against Rs 1,040 million in April-June 2023.

For the year ended March 2024, INDIAN ENERGY EXCHANGE reported 14.7% increase in net profit to Rs 3,508 million compared to net profit of Rs 3,059 million during FY23. Revenue of the company grew 12.0% to Rs 4,492 million during FY24.

The current Price to earnings ratio of INDIAN ENERGY EXCHANGE , based on rolling 12 month earnings, stands at 55.9.


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