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INOX GREEN ENERGY Gains 5%; BSE OIL & GAS Index Up 1.0%
Wed, 26 Jun 15:22

INOX GREEN ENERGY Gains 5%; BSE OIL & GAS Index Up 1.0%Image source: asbe/www.istockphoto.com

INOX GREEN ENERGY share price has zoomed 5% and is presently trading at Rs 181.8.

Meanwhile, the BSE OIL & GAS index is at 28,792.4 (up 1.0%).

Among the top gainers in the BSE OIL & GAS index today are Reliance Ind. (up 4.2%) and GUJARAT GAS (up 1.4%).

Petronet LNG (down 1.0%) and HPCL (down 0.3%) are among the top losers today.

Over the last one year, INOX GREEN ENERGY has moved up from Rs 57.5 to Rs 181.8, registering a gain of Rs 124.2 (up 216.0%).

On the other hand, the BSE OIL & GAS index has moved up from 17,956.4 to 28,792.4, registering a gain of 60.3% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were GAIL (up 103.2%), HPCL (up 84.8%) and IOC (up 83.5%).

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

What About the Benchmark Indices?

The BSE Sensex is at 78,684.4 (up 0.8%).

The top gainers among the BSE Sensex today are Reliance Ind. (up 4.2%) and Bharti Airtel (up 3.1%). The most traded stocks in the BSE Sensex are Tata Steel and Reliance Ind..

In the meantime, NSE Nifty is at 23,877.2 (up 0.7%). Reliance Ind. and Bharti Airtel are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 62,970.0 to 78,684.4, registering a gain of 15,714.4 points (up 25.0%).

INOX GREEN ENERGY Financial Update...

INOX GREEN ENERGY net profit grew 1160.2% YoY to Rs 216 million for the quarter ended March 2024, compared to a profit of Rs 17 million a year ago. Net sales declined 7.7% to Rs 524 million during the period as against Rs 568 million in January-March 2023.

For the year ended March 2023, INOX GREEN ENERGY reported 311.3% decrease in net profit to Rs -204 million compared to net loss of Rs 50 million during FY22. Revenue of the company grew 47.7% to Rs 2,542 million during FY23.

The current Price to earnings ratio of INOX GREEN ENERGY, based on rolling 12 month earnings, stands at 186.3.

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