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IND RENEWABLE ENERGY Plunges 4%; BSE POWER Index Down 0.4%
Tue, 2 Jul 15:12

IND RENEWABLE ENERGY Plunges 4%; BSE POWER Index Down 0.4%Image source: bluebay2014/www.istockphoto.com

IND RENEWABLE ENERGY share price has plunged 4% and is presently trading at Rs 14.6.

Meanwhile, the BSE POWER index is at 7,901.3 (down 0.4%).

Among the top losers in the BSE POWER index today are INDIAN ENERGY EXCHANGE (down 2.5%) and Thermax (down 2.4%).

ADANI ENERGY SOLUTIONS (up 2.9%) and KEC INTERNATIONAL (up 2.4%) are among the top gainers today.

Over the last one year, IND RENEWABLE ENERGY has moved up from Rs 10.7 to Rs 14.6, registering a gain of Rs 3.9 (up 36.0%).

On the other hand, the BSE POWER index has moved up from 4,001.7 to 7,901.3, registering a gain of 97.4% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were BHEL (up 248.6%), ADANI POWER (up 179.4%) and TORRENT POWER (up 137.3%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,445.5 .

The top losers among the BSE Sensex today are Bharti Airtel (down 2.3%) and Kotak Bank (down 2.1%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,134.0 . Shriram Transport and Bharti Airtel are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,915.4 to 79,445.5, registering a gain of 15,530.1 points (up 24.3%).

IND RENEWABLE ENERGY Financial Update...

IND RENEWABLE ENERGY net profit fell 897.0% YoY to Rs -3 million for the quarter ended March 2024, compared to a profit of Rs 0 million a year ago. Net sales declined 100.0% to Rs 0 million during the period as against Rs 0 million in January-March 2023.

For the year ended March 2023, IND RENEWABLE ENERGY reported 100.6% increase in net profit to Rs 0 million compared to net loss of Rs 1 million during FY22. Revenue of the company fell 100.0% to Rs 0 million during FY23.

The current Price to earnings ratio of IND RENEWABLE ENERGY, based on rolling 12 month earnings, stands at 461.9.


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