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Jaiprakash Power Gains 7%; BSE POWER Index Up 1.6%
Wed, 9 Oct 10:14

Jaiprakash Power Gains 7%; BSE POWER Index Up 1.6%Image source: Chunumunu/www.istockphoto.com

Jaiprakash Power share price has zoomed 7% and is presently trading at Rs 21.3.

Meanwhile, the BSE POWER index is at 8,422.0 (up 1.6%).

Among the top gainers in the BSE POWER index today are TORRENT POWER (up 8.6%) and Siemens (up 3.3%).

ADANI ENERGY SOLUTIONS (down 0.9%) and NTPC (down 0.2%) are among the top losers today.

Over the last one year, Jaiprakash Power has moved up from Rs 9.1 to Rs 21.3, registering a gain of Rs 12.2 (up 134.3%).

On the other hand, the BSE POWER index has moved up from 4,469.4 to 8,422.0, registering a gain of 88.4% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were TORRENT POWER (up 172.3%), Siemens (up 115.0%) and BHEL (up 110.0%).

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

What About the Benchmark Indices?

The BSE Sensex is at 82,045.5 (up 0.5%).

The top gainers among the BSE Sensex today are Tata Motors (up 2.3%) and Tech Mahindra (up 2.1%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,178.3 (up 0.7%). Shriram Transport and Trent are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,512.4 to 82,045.5, registering a gain of 16,533.1 points (up 25.2%).

Jaiprakash Power Financial Update...

Jaiprakash Power net profit grew 81.9% YoY to Rs 3,485 million for the quarter ended June 2024, compared to a profit of Rs 1,917 million a year ago. Net sales rose 2.7% to Rs 17,547 million during the period as against Rs 17,078 million in April-June 2023.

For the year ended March 2024, Jaiprakash Power reported 1744.0% increase in net profit to Rs 10,220 million compared to net profit of Rs 554 million during FY23. Revenue of the company grew 16.9% to Rs 67,628 million during FY24.

The current Price to earnings ratio of Jaiprakash Power, based on rolling 12 month earnings, stands at 12.4.

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