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ADANI GREEN ENERGY Plunges 8%; BSE POWER Index Down 0.2%
Fri, 22 Nov 9:55

ADANI GREEN ENERGY  Plunges 8%; BSE POWER Index Down 0.2%Image source: phive2015/www.istockphoto.com

ADANI GREEN ENERGY share price has plunged 8% and is presently trading at Rs 1,056.5.

Meanwhile, the BSE POWER index is at 7,201.6 (down 0.2%).

Among the top losers in the BSE POWER index today are ADANI ENERGY SOLUTIONS (down 6.2%) and TORRENT POWER (down 4.3%).

KEC INTERNATIONAL (up 2.9%) and Siemens (up 1.7%) are among the top gainers today.

Over the last one year, ADANI GREEN ENERGY has moved up from Rs 926.2 to Rs 1,056.5, registering a gain of Rs 130.3 (up 14.1%).

On the other hand, the BSE POWER index has moved up from 4,654.7 to 7,201.6, registering a gain of 54.7% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were Siemens (up 88.6%), TORRENT POWER (up 83.6%) and KEC INTERNATIONAL (up 70.4%).

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

What About the Benchmark Indices?

The BSE Sensex is at 77,452.3 (up 0.4%).

The top gainers among the BSE Sensex today are SBI (up 1.6%) and ICICI Bank (up 1.6%). The most traded stocks in the BSE Sensex are MUNDRA PORT & SEZ and Tata Steel.

In the meantime, NSE Nifty is at 23,439.1 (up 0.4%). APOLLO HOSPITALS and ICICI Bank are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,655.2 to 77,452.3, registering a gain of 11,797.1 points (up 18.0%).

ADANI GREEN ENERGY Financial Update...

ADANI GREEN ENERGY net profit grew 41.5% YoY to Rs 4,160 million for the quarter ended September 2024, compared to a profit of Rs 2,940 million a year ago. Net sales rose 37.6% to Rs 30,550 million during the period as against Rs 22,200 million in July-September 2023.

For the year ended March 2024, ADANI GREEN ENERGY reported 29.5% increase in net profit to Rs 12,600 million compared to net profit of Rs 9,730 million during FY23. Revenue of the company grew 18.6% to Rs 92,200 million during FY24.

The current Price to earnings ratio of ADANI GREEN ENERGY , based on rolling 12 month earnings, stands at 131.9.


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