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ADANI GREEN ENERGY Gains 21%; BSE POWER Index Up 0.6%
Fri, 29 Nov 15:52

ADANI GREEN ENERGY  Gains 21%; BSE POWER Index Up 0.6%Image source: Eoneren/www.istockphoto.com

ADANI GREEN ENERGY share price has zoomed 21% and is presently trading at Rs 1,316.8.

Meanwhile, the BSE POWER index is at 7,489.6 (up 0.6%).

Among the top gainers in the BSE POWER index today are ADANI ENERGY SOLUTIONS (up 13.2%) and Siemens (up 2.0%).

NHPC (down 2.2%) and Power Grid Corp. (down 1.3%) are among the top losers today.

Over the last one year, ADANI GREEN ENERGY has moved up from Rs 1,052.5 to Rs 1,316.8, registering a gain of Rs 264.4 (up 25.1%).

On the other hand, the BSE POWER index has moved up from 4,892.0 to 7,489.6, 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 107.7%), KEC INTERNATIONAL (up 85.1%) and TORRENT POWER (up 78.4%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,802.8 (up 1.0%).

The top gainers among the BSE Sensex today are Bharti Airtel (up 4.4%) and Sun Pharma (up 2.9%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,123.7 (up 0.9%). Bharti Airtel and Sun Pharma are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,174.2 to 79,802.8, registering a gain of 13,628.6 points (up 20.6%).

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 164.4.


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