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ADANI ENERGY SOLUTIONS Gains 5%; BSE POWER Index Up 1.9%
Wed, 6 Nov 13:9

ADANI ENERGY SOLUTIONS Gains 5%; BSE POWER Index Up 1.9%Image source: phive2015/www.istockphoto.com

ADANI ENERGY SOLUTIONS share price has zoomed 5% and is presently trading at Rs 1,066.6.

Meanwhile, the BSE POWER index is at 7,899.7 (up 1.9%).

Among the top gainers in the BSE POWER index today are BHEL (up 5.2%) and TORRENT POWER (up 4.1%).

ABB is among the top losers today.

Over the last one year, ADANI ENERGY SOLUTIONS has moved up from Rs 771.3 to Rs 1,066.6, registering a gain of Rs 295.3 (up 38.3%).

On the other hand, the BSE POWER index has moved up from 4,516.5 to 7,899.7, registering a gain of 74.9% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were TORRENT POWER (up 138.0%), Siemens (up 109.3%) and BHEL (up 90.5%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 80,184.2 (up 0.9%).

The top gainers among the BSE Sensex today are TCS (up 3.8%) and HCl Tech. (up 3.7%). The most traded stocks in the BSE Sensex are ITC and Tata Steel.

In the meantime, NSE Nifty is at 24,427.4 (up 0.9%). Bharat Electronics and Adani Enterprises are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,958.7 to 80,184.2, registering a gain of 15,225.6 points (up 23.4%).

ADANI ENERGY SOLUTIONS Financial Update...

ADANI ENERGY SOLUTIONS net profit grew 171.3% YoY to Rs 7,732 million for the quarter ended September 2024, compared to a profit of Rs 2,850 million a year ago. Net sales rose 68.3% to Rs 61,837 million during the period as against Rs 36,739 million in July-September 2023.

For the year ended March 2024, ADANI ENERGY SOLUTIONS reported 6.6% decrease in net profit to Rs 11,956 million compared to net profit of Rs 12,806 million during FY23. Revenue of the company grew 24.9% to Rs 166,074 million during FY24.

The current Price to earnings ratio of ADANI ENERGY SOLUTIONS, based on rolling 12 month earnings, stands at 405.8.


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