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INDIABULLS POWER Gains 5%; BSE POWER Index Up 0.6%
Tue, 1 Oct 10:23

INDIABULLS POWER Gains 5%; BSE POWER Index Up 0.6%Image source: Ivcandy/www.istockphoto.com

INDIABULLS POWER share price has zoomed 5% and is presently trading at Rs 16.1.

Meanwhile, the BSE POWER index is at 8,699.7 (up 0.6%).

Among the top gainers in the BSE POWER index today are ADANI ENERGY SOLUTIONS (up 4.2%) and Siemens (up 2.2%).

TORRENT POWER (down 0.5%) and Thermax (down 0.3%) are among the top losers today.

Over the last one year, INDIABULLS POWER has moved up from Rs 6.9 to Rs 16.1, registering a gain of Rs 9.2 (up 132.1%).

On the other hand, the BSE POWER index has moved up from 4,635.4 to 8,699.7, registering a gain of 87.7% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were TORRENT POWER (up 154.1%), BHEL (up 124.3%) and Siemens (up 98.8%).

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

What About the Benchmark Indices?

The BSE Sensex is at 84,391.1 (up 0.1%).

The top gainers among the BSE Sensex today are Tech Mahindra (up 3.5%) and Infosys (up 1.4%). 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 84,391.1, registering a gain of 18,272.4 points (up 27.6%).

INDIABULLS POWER Financial Update...

INDIABULLS POWER net profit grew 116.9% YoY to Rs 930 million for the quarter ended June 2024, compared to a loss of Rs 5,494 million a year ago. Net sales rose 10.0% to Rs 9,318 million during the period as against Rs 8,473 million in April-June 2023.

For the year ended March 2023, INDIABULLS POWER reported 5.6% increase in net profit to Rs -18,699 million compared to net loss of Rs 19,814 million during FY22. Revenue of the company fell 0.9% to Rs 32,312 million during FY23.

The current Price to earnings ratio of INDIABULLS POWER, based on rolling 12 month earnings, stands at 0.9.

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