ADANI ENERGY SOLUTIONS share price has zoomed 5% and is presently trading at Rs 694.0.
Meanwhile, the BSE POWER index is at 7,488.5 (up 0.5%).
Among the top gainers in the BSE POWER index today are ADANI GREEN ENERGY (up 3.6%) and KEC INTERNATIONAL (up 2.8%).
Thermax (down 0.6%) and Power Grid Corp. (down 0.1%) are among the top losers today.
Over the last one year, ADANI ENERGY SOLUTIONS has moved down from Rs 868.2 to Rs 694.0, registering a loss of Rs 174.2 (down 20.1%).
On the other hand, the BSE POWER index has moved up from 4,892.0 to 7,488.5, registering a gain of 53.1% during the last 12 months.
The top gainers among the BSE POWER index stocks during this same period were Siemens (up 105.7%), KEC INTERNATIONAL (up 85.3%) and TORRENT POWER (up 81.6%).
Dear Reader: If You Invest in Midcap Stocks, this is for You
The BSE Sensex is at 80,281.6 (up 0.1%).
The top gainers among the BSE Sensex today are Asian Paints (up 1.4%) and Ultratech Cement (up 0.7%). The most traded stocks in the BSE Sensex are NTPC and Tata Steel.
In the meantime, NSE Nifty is at 24,277.5 . Adani Enterprises and Hindustan Unilever are among the top gainers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 66,174.2 to 80,281.6, registering a gain of 14,107.4 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 264.1.
Equitymaster requests your view! Post a comment on "ADANI ENERGY SOLUTIONS Gains 5%; BSE POWER Index Up 0.5%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!