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NTPC Gains 3%; BSE POWER Index Up 1.9%
Thu, 27 Jun 16:2

NTPC Gains 3%; BSE POWER Index Up 1.9%Image source: DNY59/www.istockphoto.com

NTPC share price has zoomed 3% and is presently trading at Rs 376.9.

Meanwhile, the BSE POWER index is at 7,972.2 (up 1.9%).

Among the top gainers in the BSE POWER index today are Thermax (up 6.3%) and ABB (up 3.4%).

NHPC (down 0.6%) and ADANI POWER (down 0.4%) are among the top losers today.

Over the last one year, NTPC has moved up from Rs 184.9 to Rs 376.9, registering a gain of Rs 192.0 (up 103.8%).

On the other hand, the BSE POWER index has moved up from 3,949.4 to 7,972.2, registering a gain of 101.9% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were BHEL (up 255.4%), ADANI POWER (up 186.1%) and Thermax (up 146.2%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,245.0 (up 0.7%).

The top gainers among the BSE Sensex today are Ultratech Cement (up 5.3%) and JSW Steel (up 2.4%). The most traded stocks in the BSE Sensex are Tata Steel and Infosys.

In the meantime, NSE Nifty is at 24,036.1 (up 0.7%). Ultratech Cement and LTIMINDTREE are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 62,970.0 to 79,245.0, registering a gain of 16,275.0 points (up 25.8%).

NTPC Financial Update...

NTPC net profit grew 51.6% YoY to Rs 64,901 million for the quarter ended March 2024, compared to a profit of Rs 42,805 million a year ago. Net sales rose 7.6% to Rs 476,221 million during the period as against Rs 442,532 million in January-March 2023.

For the year ended March 2023, NTPC reported 0.9% increase in net profit to Rs 171,214 million compared to net profit of Rs 169,603 million during FY22. Revenue of the company grew 33.2% to Rs 1,733,380 million during FY23.

The current Price to earnings ratio of NTPC, based on rolling 12 month earnings, stands at 19.5.

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