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INDOWIND ENERGY Gains 10%; BSE OIL & GAS Index Up 0.7%
Tue, 2 Jul 12:6

INDOWIND ENERGY Gains 10%; BSE OIL & GAS Index Up 0.7%Image source: phive2015/www.istockphoto.com

INDOWIND ENERGY share price has zoomed 10% and is presently trading at Rs 30.0.

Meanwhile, the BSE OIL & GAS index is at 29,738.4 (up 0.7%).

Among the top gainers in the BSE OIL & GAS index today are ADANI TOTAL GAS (up 3.4%) and GUJARAT GAS (up 1.3%).

HPCL (down 0.6%) and Indraprastha Gas (down 0.3%) are among the top losers today.

Over the last one year, INDOWIND ENERGY has moved up from Rs 10.3 to Rs 30.0, registering a gain of Rs 19.7 (up 190.8%).

On the other hand, the BSE OIL & GAS index has moved up from 18,084.9 to 29,738.4, registering a gain of 64.4% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were GAIL (up 114.9%), IOC (up 87.0%) and HPCL (up 83.5%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 79,541.5 (up 0.1%).

The top gainers among the BSE Sensex today are Infosys (up 2.4%) and L&T (up 2.2%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,161.3 (up 0.1%). Wipro and L&T are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,915.4 to 79,541.5, registering a gain of 15,626.1 points (up 24.4%).

INDOWIND ENERGY Financial Update...

INDOWIND ENERGY net profit grew 102.5% YoY to Rs 6 million for the quarter ended March 2024, compared to a loss of Rs 249 million a year ago. Net sales declined 1.7% to Rs 44 million during the period as against Rs 45 million in January-March 2023.

For the year ended March 2023, INDOWIND ENERGY reported 15217.3% decrease in net profit to Rs -193 million compared to net profit of Rs 1 million during FY22. Revenue of the company grew 38.3% to Rs 340 million during FY23.

The current Price to earnings ratio of INDOWIND ENERGY, based on rolling 12 month earnings, stands at 44.3.

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