ADANI GREEN ENERGY share price has plunged 5% and is presently trading at Rs 898.4.
Meanwhile, the BSE POWER index is at 7,300.0 (down 0.9%).
Among the top losers in the BSE POWER index today are ADANI ENERGY SOLUTIONS (down 4.1%) and KEC INTERNATIONAL (down 3.8%).
Thermax (up 2.3%) and BHEL (up 1.2%) are among the top gainers today.
Over the last one year, ADANI GREEN ENERGY has moved down from Rs 914.4 to Rs 898.4, registering a loss of Rs 16.0 (down 1.7%).
On the other hand, the BSE POWER index has moved up from 4,721.2 to 7,300.0, registering a gain of 54.6% during the last 12 months.
The top gainers among the BSE POWER index stocks during this same period were Siemens (up 106.1%), TORRENT POWER (up 96.5%) and Thermax (up 73.7%).
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The BSE Sensex is at 79,927.4 (down 0.2%).
The top losers among the BSE Sensex today are Ultratech Cement (down 2.3%) and MUNDRA PORT & SEZ (down 2.3%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.
In the meantime, NSE Nifty is at 24,201.3 (down 0.1%). Ultratech Cement and Adani Enterprises are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 66,023.2 to 79,927.4, registering a gain of 13,904.2 points (up 21.1%).
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 112.1.
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