ADANI ENERGY SOLUTIONS share price has plunged 4% and is presently trading at Rs 806.0.
Meanwhile, the BSE POWER index is at 7,510.7 (up 0.3%).
Among the top losers in the BSE POWER index today are NTPC (down 1.5%) and ADANI POWER (down 1.0%).
TORRENT POWER (up 4.6%) and Thermax (up 2.1%) are among the top gainers today.
Over the last one year, ADANI ENERGY SOLUTIONS has moved down from Rs 868.2 to Rs 806.0, registering a loss of Rs 62.2 (down 7.2%).
On the other hand, the BSE POWER index has moved up from 4,892.0 to 7,510.7, registering a gain of 53.5% during the last 12 months.
The top gainers among the BSE POWER index stocks during this same period were Siemens (up 107.8%), TORRENT POWER (up 87.3%) and KEC INTERNATIONAL (up 86.2%).
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The BSE Sensex is at 80,248.1 (up 0.6%).
The top gainers among the BSE Sensex today are Ultratech Cement (up 3.9%) and JSW Steel (up 2.5%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.
In the meantime, NSE Nifty is at 24,275.3 (up 0.6%). Ultratech Cement and APOLLO HOSPITALS are among the top gainers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 66,174.2 to 80,248.1, registering a gain of 14,073.9 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 306.7.
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