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INDIAN ENERGY EXCHANGE Plunges 3%; BSE POWER Index Down 0.9%
Tue, 2 Jul 13:13

INDIAN ENERGY EXCHANGE  Plunges 3%; BSE POWER Index Down 0.9%Image source: CreativaImages/www.istockphoto.com

INDIAN ENERGY EXCHANGE share price has plunged 3% and is presently trading at Rs 182.9.

Meanwhile, the BSE POWER index is at 7,856.6 (down 0.9%).

Among the top losers in the BSE POWER index today are BHEL (down 2.6%) and Siemens (down 2.6%).

ADANI ENERGY SOLUTIONS (up 2.8%) and Power Grid Corp. are among the top gainers today.

Over the last one year, INDIAN ENERGY EXCHANGE has moved up from Rs 126.6 to Rs 182.9, registering a gain of Rs 56.3 (up 44.5%).

On the other hand, the BSE POWER index has moved up from 4,001.7 to 7,856.6, registering a gain of 96.3% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were BHEL (up 245.7%), ADANI POWER (up 181.1%) and TORRENT POWER (up 135.3%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,345.3 (down 0.2%).

The top losers among the BSE Sensex today are Kotak Bank (down 3.8%) and Indusind Bank (down 2.3%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,089.9 (down 0.2%). Kotak Bank and Shriram Transport are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,915.4 to 79,345.3, registering a gain of 15,429.9 points (up 24.1%).

INDIAN ENERGY EXCHANGE Financial Update...

INDIAN ENERGY EXCHANGE net profit grew 14.3% YoY to Rs 946 million for the quarter ended March 2024, compared to a profit of Rs 828 million a year ago. Net sales rose 13.3% to Rs 1,213 million during the period as against Rs 1,070 million in January-March 2023.

For the year ended March 2023, INDIAN ENERGY EXCHANGE reported 0.9% decrease in net profit to Rs 3,059 million compared to net profit of Rs 3,086 million during FY22. Revenue of the company fell 7.0% to Rs 4,009 million during FY23.

The current Price to earnings ratio of INDIAN ENERGY EXCHANGE , based on rolling 12 month earnings, stands at 48.0.


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