ADANI ENERGY SOLUTIONS share price has plunged 20% and is presently trading at Rs 697.7.
Meanwhile, the BSE POWER index is at 7,149.6 (down 2.2%).
Among the top losers in the BSE POWER index today are ADANI GREEN ENERGY (down 18.8%) and ADANI POWER (down 14.4%).
Power Grid Corp. (up 1.5%) and ABB (up 0.3%) are among the top gainers today.
Over the last one year, ADANI ENERGY SOLUTIONS has moved down from Rs 726.9 to Rs 697.7, registering a loss of Rs 29.2 (down 4.0%).
On the other hand, the BSE POWER index has moved up from 4,654.7 to 7,149.6, registering a gain of 53.6% during the last 12 months.
The top gainers among the BSE POWER index stocks during this same period were TORRENT POWER (up 90.5%), Siemens (up 85.1%) and KEC INTERNATIONAL (up 63.9%).
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The BSE Sensex is at 77,056.3 (down 0.7%).
The top losers among the BSE Sensex today are MUNDRA PORT & SEZ (down 20.0%) and SBI (down 4.0%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.
In the meantime, NSE Nifty is at 23,333.8 (down 0.8%). Adani Enterprises and MUNDRA PORT & SEZ are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 65,655.2 to 77,056.3, registering a gain of 11,401.2 points (up 17.4%).
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 265.5.
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