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INOX GREEN ENERGY Gains 7%; BSE OIL & GAS Index Down 0.3%
Mon, 2 Dec 11:0

INOX GREEN ENERGY Gains 7%; BSE OIL & GAS Index Down 0.3%Image source: asbe/www.istockphoto.com

INOX GREEN ENERGY share price has zoomed 7% and is presently trading at Rs 158.3.

Meanwhile, the BSE OIL & GAS index is at 26,743.3 (down 0.3%).

Among the top gainers in the BSE OIL & GAS index today are Indraprastha Gas (up 3.1%) and Petronet LNG (up 1.3%).

ADANI TOTAL GAS (down 4.3%) and IOC (down 0.9%) are among the top losers today.

Over the last one year, INOX GREEN ENERGY has moved up from Rs 71.7 to Rs 158.3, registering a gain of Rs 86.6 (up 120.7%).

On the other hand, the BSE OIL & GAS index has moved up from 20,125.9 to 26,743.3, registering a gain of 32.9% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were Petronet LNG (up 71.8%), HPCL (up 66.5%) and GAIL (up 57.8%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,710.9 (down 0.1%).

The top losers among the BSE Sensex today are Indusind Bank (down 1.5%) and L&T (down 1.3%). The most traded stocks in the BSE Sensex are Tata Steel and Kotak Bank.

In the meantime, NSE Nifty is at 24,112.7 (down 0.1%). HDFC LIFE INSURANCE and Indusind Bank are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,174.2 to 79,710.9, registering a gain of 13,536.7 points (up 20.5%).

INOX GREEN ENERGY Financial Update...

INOX GREEN ENERGY net profit grew 80.4% YoY to Rs 61 million for the quarter ended September 2024, compared to a profit of Rs 34 million a year ago. Net sales rose 16.4% to Rs 552 million during the period as against Rs 474 million in July-September 2023.

For the year ended March 2024, INOX GREEN ENERGY reported 164.1% increase in net profit to Rs 298 million compared to net loss of Rs 465 million during FY23. Revenue of the company fell 10.4% to Rs 2,243 million during FY24.

The current Price to earnings ratio of INOX GREEN ENERGY, based on rolling 12 month earnings, stands at 198.1.


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