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ADANI ENERGY SOLUTIONS Gains 3%; BSE POWER Index Up 0.5%
Tue, 1 Oct 9:34

ADANI ENERGY SOLUTIONS Gains 3%; BSE POWER Index Up 0.5%Image source: Ivcandy/www.istockphoto.com

ADANI ENERGY SOLUTIONS share price has zoomed 3% and is presently trading at Rs 1,040.3.

Meanwhile, the BSE POWER index is at 8,692.8 (up 0.5%).

Among the top gainers in the BSE POWER index today are Siemens (up 1.6%) and ABB (up 1.3%).

TORRENT POWER (down 0.8%) and KEC INTERNATIONAL (down 0.4%) are among the top losers today.

Over the last one year, ADANI ENERGY SOLUTIONS has moved up from Rs 816.0 to Rs 1,040.3, registering a gain of Rs 224.3 (up 27.5%).

On the other hand, the BSE POWER index has moved up from 4,635.4 to 8,692.8, registering a gain of 87.5% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were TORRENT POWER (up 153.2%), BHEL (up 122.1%) and Siemens (up 97.6%).

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What About the Benchmark Indices?

The BSE Sensex is at 84,555.0 (up 0.3%).

The top gainers among the BSE Sensex today are Tech Mahindra (up 3.3%) and M&M (up 1.1%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 25,810.9 (down 1.4%). Hero Motocorp and Reliance Ind. are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,118.7 to 84,555.0, registering a gain of 18,436.3 points (up 27.9%).

ADANI ENERGY SOLUTIONS Financial Update...

ADANI ENERGY SOLUTIONS net profit fell 751.2% YoY to Rs -11,893 million for the quarter ended June 2024, compared to a profit of Rs 1,826 million a year ago. Net sales rose 46.8% to Rs 53,786 million during the period as against Rs 36,639 million in April-June 2023.

For the year ended March 2024, ADANI ENERGY SOLUTIONS reported 6.6% decrease in net profit to Rs 11,956 million compared to net profit of Rs 12,806 million during FY23. Revenue of the company grew 24.9% to Rs 166,074 million during FY24.

The current Price to earnings ratio of ADANI ENERGY SOLUTIONS, based on rolling 12 month earnings, stands at -724.6.


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