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ADANI ENERGY SOLUTIONS Gains 5%; BSE POWER Index Up 2.4%
Mon, 25 Nov 9:37

ADANI ENERGY SOLUTIONS Gains 5%; BSE POWER Index Up 2.4%Image source: Ivcandy/www.istockphoto.com

ADANI ENERGY SOLUTIONS share price has zoomed 5% and is presently trading at Rs 684.3.

Meanwhile, the BSE POWER index is at 7,468.9 (up 2.4%).

Among the top gainers in the BSE POWER index today are Siemens (up 4.8%) and NHPC (up 4.5%).

Thermax (down 1.3%) is among the top losers today.

Over the last one year, ADANI ENERGY SOLUTIONS has moved down from Rs 733.1 to Rs 684.3, registering a loss of Rs 48.9 (down 6.7%).

On the other hand, the BSE POWER index has moved up from 4,655.4 to 7,468.9, registering a gain of 60.4% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were Siemens (up 100.1%), TORRENT POWER (up 86.1%) and BHEL (up 74.1%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,414.4 (up 1.6%).

The top gainers among the BSE Sensex today are L&T (up 3.7%) and M&M (up 3.3%). The most traded stocks in the BSE Sensex are Tata Steel and Reliance Ind..

In the meantime, NSE Nifty is at 24,287.0 (up 1.6%). Bharat Electronics and Shriram Transport are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,930.8 to 80,414.4, registering a gain of 14,483.6 points (up 22.0%).

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 260.4.


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