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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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 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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