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INOX GREEN ENERGY Gains 5%; BSE OIL & GAS Index Down 0.2%
Wed, 23 Oct 11:6

INOX GREEN ENERGY Gains 5%; BSE OIL & GAS Index Down 0.2%Image source: hudiemm/www.istockphoto.com

INOX GREEN ENERGY share price has zoomed 5% and is presently trading at Rs 173.2.

Meanwhile, the BSE OIL & GAS index is at 28,404.1 (down 0.2%).

Among the top gainers in the BSE OIL & GAS index today are GUJARAT GAS (up 1.2%) and ADANI TOTAL GAS (up 1.1%).

Petronet LNG (down 1.3%) and IOC (down 1.2%) are among the top losers today.

Over the last one year, INOX GREEN ENERGY has moved up from Rs 62.9 to Rs 173.2, registering a gain of Rs 110.3 (up 175.3%).

On the other hand, the BSE OIL & GAS index has moved up from 18,236.6 to 28,404.1, registering a gain of 55.8% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were HPCL (up 140.5%), BPCL (up 88.0%) and GAIL (up 76.7%).

Don't Miss: Key Information for Long-term Investors

What About the Benchmark Indices?

The BSE Sensex is at 80,411.1 (up 0.2%).

The top gainers among the BSE Sensex today are Bajaj Finance (up 5.2%) and Bajaj Finserv (up 1.8%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 24,587.0 (up 0.5%). Bajaj Finance and Bajaj Auto are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,571.9 to 80,411.1, registering a gain of 15,839.2 points (up 24.5%).

INOX GREEN ENERGY Financial Update...

INOX GREEN ENERGY net profit fell 77.1% YoY to Rs 9 million for the quarter ended June 2024, compared to a profit of Rs 41 million a year ago. Net sales declined 10.1% to Rs 509 million during the period as against Rs 566 million in April-June 2023.

For the year ended March 2024, INOX GREEN ENERGY reported 164.1% increase in net profit to Rs 298 million compared to net loss of Rs 465 million during FY23. Revenue of the company fell 10.4% to Rs 2,243 million during FY24.

The current Price to earnings ratio of INOX GREEN ENERGY, based on rolling 12 month earnings, stands at 268.0.


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