TORRENT POWER share price has zoomed 7% and is presently trading at Rs 1,604.0.
Meanwhile, the BSE POWER index is at 7,355.1 (up 0.9%).
Among the top gainers in the BSE POWER index today are Siemens (up 7.1%) and ABB (up 4.7%).
ADANI GREEN ENERGY (down 8.6%) and ADANI POWER (down 3.9%) are among the top losers today.
Over the last one year, TORRENT POWER has moved up from Rs 820.0 to Rs 1,604.0, registering a gain of Rs 784.0 (up 95.6%).
On the other hand, the BSE POWER index has moved up from 4,655.4 to 7,355.1, registering a gain of 58.0% during the last 12 months.
The top gainers among the BSE POWER index stocks during this same period were Siemens (up 104.5%), TORRENT POWER (up 95.6%) and KEC INTERNATIONAL (up 73.8%).
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The BSE Sensex is at 80,063.7 (up 1.2%).
The top gainers among the BSE Sensex today are L&T (up 4.1%) and SBI (up 3.4%). The most traded stocks in the BSE Sensex are Power Grid Corp. and Tata Steel.
In the meantime, NSE Nifty is at 24,227.0 (up 1.3%). ONGC and Bharat Electronics are among the top gainers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 65,930.8 to 80,063.7, registering a gain of 14,133.0 points (up 21.4%).
TORRENT POWER net profit fell 8.6% YoY to Rs 4,957 million for the quarter ended September 2024, compared to a profit of Rs 5,426 million a year ago. Net sales rose 3.1% to Rs 71,758 million during the period as against Rs 69,609 million in July-September 2023.
For the year ended March 2024, TORRENT POWER reported 12.4% decrease in net profit to Rs 18,960 million compared to net profit of Rs 21,647 million during FY23. Revenue of the company grew 5.8% to Rs 271,832 million during FY24.
The current Price to earnings ratio of TORRENT POWER, based on rolling 12 month earnings, stands at 33.3.
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