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JSW ENERGY Gains 8%; BSE POWER Index Up 2.4%
Tue, 8 Oct 17:0

JSW ENERGY Gains 8%; BSE POWER Index Up 2.4%Image source: Eoneren/www.istockphoto.com

JSW ENERGY share price has zoomed 8% and is presently trading at Rs 725.9.

Meanwhile, the BSE POWER index is at 8,290.7 (up 2.4%).

Among the top gainers in the BSE POWER index today are ADANI ENERGY SOLUTIONS (up 8.1%) and Siemens (up 5.5%).

Power Grid Corp. (down 0.3%) is among the top losers today.

Over the last one year, JSW ENERGY has moved up from Rs 419.2 to Rs 725.9, registering a gain of Rs 306.8 (up 73.2%).

On the other hand, the BSE POWER index has moved up from 4,550.6 to 8,290.7, registering a gain of 82.2% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were TORRENT POWER (up 148.3%), Siemens (up 110.7%) and BHEL (up 109.0%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,634.8 (up 0.7%).

The top gainers among the BSE Sensex today are MUNDRA PORT & SEZ (up 4.8%) and M&M (up 3.4%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,013.2 . TATA STEEL 2% CCPS and Dr Reddy NCD1 are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,226.0 to 81,634.8, registering a gain of 16,408.8 points (up 25.2%).

JSW ENERGY Financial Update...

JSW ENERGY net profit grew 84.0% YoY to Rs 5,304 million for the quarter ended June 2024, compared to a profit of Rs 2,882 million a year ago. Net sales declined 1.7% to Rs 28,795 million during the period as against Rs 29,279 million in April-June 2023.

For the year ended March 2024, JSW ENERGY reported 16.5% increase in net profit to Rs 17,247 million compared to net profit of Rs 14,801 million during FY23. Revenue of the company grew 11.2% to Rs 114,859 million during FY24.

The current Price to earnings ratio of JSW ENERGY, based on rolling 12 month earnings, stands at 65.1.

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