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IND RENEWABLE ENERGY Gains 5%; BSE POWER Index Up 0.5%
Thu, 27 Jun 9:27

IND RENEWABLE ENERGY Gains 5%; BSE POWER Index Up 0.5%Image source: asbe/www.istockphoto.com

IND RENEWABLE ENERGY share price has zoomed 5% and is presently trading at Rs 14.9.

Meanwhile, the BSE POWER index is at 7,866.0 (up 0.5%).

Among the top gainers in the BSE POWER index today are KEC INTERNATIONAL (up 6.6%) and BHEL (up 0.9%).

Thermax (down 0.6%) and Power Grid Corp. (down 0.3%) are among the top losers today.

Over the last one year, IND RENEWABLE ENERGY has moved up from Rs 11.2 to Rs 14.9, registering a gain of Rs 3.8 (up 33.6%).

On the other hand, the BSE POWER index has moved up from 3,949.4 to 7,866.0, registering a gain of 99.2% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were BHEL (up 256.1%), ADANI POWER (up 189.5%) and TORRENT POWER (up 139.8%).

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

What About the Benchmark Indices?

The BSE Sensex is at 78,578.4 (down 0.1%).

The top losers among the BSE Sensex today are HCl Tech. (down 0.8%) and TCS (down 0.8%). The most traded stocks in the BSE Sensex are Tata Steel and ICICI Bank.

In the meantime, NSE Nifty is at 23,850.1 (down 0.1%). Tech Mahindra and Bharti Airtel are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 62,970.0 to 78,578.4, registering a gain of 15,608.4 points (up 24.8%).

IND RENEWABLE ENERGY Financial Update...

IND RENEWABLE ENERGY net profit fell 897.0% YoY to Rs -3 million for the quarter ended March 2024, compared to a profit of Rs 0 million a year ago. Net sales declined 100.0% to Rs 0 million during the period as against Rs 0 million in January-March 2023.

For the year ended March 2023, IND RENEWABLE ENERGY reported 100.6% increase in net profit to Rs 0 million compared to net loss of Rs 1 million during FY22. Revenue of the company fell 100.0% to Rs 0 million during FY23.

The current Price to earnings ratio of IND RENEWABLE ENERGY, based on rolling 12 month earnings, stands at 473.7.

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