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ADANI GREEN ENERGY Gains 10%; BSE POWER Index Up 1.0%
Thu, 28 Nov 9:56

ADANI GREEN ENERGY  Gains 10%; BSE POWER Index Up 1.0%Image source: Sakorn BernardaSv/www.istockphoto.com

ADANI GREEN ENERGY share price has zoomed 10% and is presently trading at Rs 1,076.6.

Meanwhile, the BSE POWER index is at 7,523.9 (up 1.0%).

Among the top gainers in the BSE POWER index today are ADANI ENERGY SOLUTIONS (up 8.9%) and ADANI POWER (up 6.8%).

Power Grid Corp. (down 0.8%) and ABB (down 0.4%) are among the top losers today.

Over the last one year, ADANI GREEN ENERGY has moved up from Rs 1,052.5 to Rs 1,076.6, registering a gain of Rs 24.1 (up 2.3%).

On the other hand, the BSE POWER index has moved up from 4,892.0 to 7,523.9, registering a gain of 53.8% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were Siemens (up 107.2%), KEC INTERNATIONAL (up 88.7%) and TORRENT POWER (up 82.3%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 80,248.8 .

The top gainers among the BSE Sensex today are MUNDRA PORT & SEZ (up 1.4%) and HDFC Bank (up 1.2%). The most traded stocks in the BSE Sensex are MUNDRA PORT & SEZ and Axis Bank.

In the meantime, NSE Nifty is at 24,296.5 (up 0.1%). Adani Enterprises and Shriram Transport are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,174.2 to 80,248.8, registering a gain of 14,074.6 points (up 21.3%).

ADANI GREEN ENERGY Financial Update...

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 134.4.


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