ADANI ENERGY SOLUTIONS share price has plunged 3% and is presently trading at Rs 628.9.
Meanwhile, the BSE POWER index is at 7,426.0 (up 1.8%).
Among the top losers in the BSE POWER index today are ADANI POWER (down 1.2%) and Thermax (down 0.9%).
Siemens (up 6.4%) and NHPC (up 4.7%) are among the top gainers today.
Over the last one year, ADANI ENERGY SOLUTIONS has moved down from Rs 733.1 to Rs 628.9, registering a loss of Rs 104.3 (down 14.2%).
On the other hand, the BSE POWER index has moved up from 4,655.4 to 7,426.0, registering a gain of 59.5% during the last 12 months.
The top gainers among the BSE POWER index stocks during this same period were Siemens (up 103.1%), TORRENT POWER (up 89.2%) and BHEL (up 74.4%).
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The BSE Sensex is at 79,969.4 (up 1.1%).
The top gainers among the BSE Sensex today are L&T (up 4.0%) and SBI (up 3.6%). The most traded stocks in the BSE Sensex are Power Grid Corp. and Tata Steel.
In the meantime, NSE Nifty is at 24,203.5 (up 1.2%). ONGC 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 79,969.4, registering a gain of 14,038.7 points (up 21.3%).
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 239.3.
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