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TORRENT POWER Gains 6%; BSE POWER Index Up 0.7%
Wed, 9 Oct 9:24

TORRENT POWER Gains 6%; BSE POWER Index Up 0.7%Image source: asbe/www.istockphoto.com

TORRENT POWER share price has zoomed 6% and is presently trading at Rs 1,920.7.

Meanwhile, the BSE POWER index is at 8,347.3 (up 0.7%).

Among the top gainers in the BSE POWER index today are Thermax (up 3.0%) and Siemens (up 1.3%).

Tata Power (down 0.1%) is among the top losers today.

Over the last one year, TORRENT POWER has moved up from Rs 724.7 to Rs 1,920.7, registering a gain of Rs 1,196.1 (up 165.1%).

On the other hand, the BSE POWER index has moved up from 4,469.4 to 8,347.3, registering a gain of 86.8% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were TORRENT POWER (up 165.1%), Siemens (up 110.9%) and BHEL (up 110.3%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,822.9 (up 0.2%).

The top gainers among the BSE Sensex today are Tata Motors (up 2.0%) and Tech Mahindra (up 1.4%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,056.3 (up 0.2%). BPCL and Tata Motors are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,512.4 to 81,822.9, registering a gain of 16,310.5 points (up 24.9%).

TORRENT POWER Financial Update...

TORRENT POWER net profit grew 87.2% YoY to Rs 9,963 million for the quarter ended June 2024, compared to a profit of Rs 5,323 million a year ago. Net sales rose 23.3% to Rs 90,337 million during the period as against Rs 73,276 million in April-June 2023.

For the year ended March 2024, TORRENT POWER reported 12.4% decrease in net profit to Rs 18,960 million compared to net profit of Rs 21,647 million during FY23. Revenue of the company grew 5.8% to Rs 271,832 million during FY24.

The current Price to earnings ratio of TORRENT POWER, based on rolling 12 month earnings, stands at 39.1.

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