Indiabulls Infra share price has plunged 5% and is presently trading at Rs 73.0.
Meanwhile, the BSE POWER index is at 7,786.4 (down 1.6%).
Among the top losers in the BSE POWER index today are KEC INTERNATIONAL (down 4.5%) and BHEL (down 2.8%).
Thermax (up 0.3%) is among the top gainers today.
Over the last one year, Indiabulls Infra has moved up from Rs 51.7 to Rs 73.0, registering a gain of Rs 21.3 (up 41.1%).
On the other hand, the BSE POWER index has moved up from 4,431.4 to 7,786.4, registering a gain of 75.7% during the last 12 months.
The top gainers among the BSE POWER index stocks during this same period were TORRENT POWER (up 147.1%), Siemens (up 107.5%) and BHEL (up 94.5%).
Dear Reader: If You Invest in Midcap Stocks, this is for You
The BSE Sensex is at 79,053.5 (down 1.0%).
The top losers among the BSE Sensex today are Sun Pharma (down 3.1%) and Infosys (down 2.2%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.
In the meantime, NSE Nifty is at 24,076.7 (down 0.9%). Bajaj Auto and IOC are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 63,874.9 to 79,053.5, registering a gain of 15,178.5 points (up 23.8%).
Indiabulls Infra net profit grew 377.9% YoY to Rs 8,512 million for the quarter ended June 2024, compared to a profit of Rs 1,781 million a year ago. Net sales rose 69.5% to Rs 24,940 million during the period as against Rs 14,718 million in April-June 2023.
For the year ended March 2024, Indiabulls Infra reported 248.3% increase in net profit to Rs 4,245 million compared to net loss of Rs 2,861 million during FY23. Revenue of the company grew 36.0% to Rs 56,096 million during FY24.
The current Price to earnings ratio of Indiabulls Infra, based on rolling 12 month earnings, stands at 9.2.
Equitymaster requests your view! Post a comment on "Indiabulls Infra Plunges 5%; BSE POWER Index Down 1.6%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!