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INDIAN ENERGY EXCHANGE Gains 3%; BSE POWER Index Up 1.4%
Wed, 24 Jul 11:21

INDIAN ENERGY EXCHANGE  Gains 3%; BSE POWER Index Up 1.4%Image source: ipopba/www.istockphoto.com

INDIAN ENERGY EXCHANGE share price has zoomed 3% and is presently trading at Rs 173.6.

Meanwhile, the BSE POWER index is at 7,932.5 (up 1.4%).

Among the top gainers in the BSE POWER index today are TORRENT POWER (up 3.0%) and NTPC (up 2.1%).

Thermax (down 1.2%) and KEC INTERNATIONAL (down 0.8%) are among the top losers today.

Over the last one year, INDIAN ENERGY EXCHANGE has moved up from Rs 123.6 to Rs 173.6, registering a gain of Rs 50.1 (up 40.5%).

On the other hand, the BSE POWER index has moved up from 4,049.2 to 7,932.5, registering a gain of 95.9% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were BHEL (up 216.3%), ADANI POWER (up 194.5%) and TORRENT POWER (up 154.6%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,207.9 (down 0.3%).

The top losers among the BSE Sensex today are Bajaj Finance (down 2.6%) and Bajaj Finserv (down 1.9%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 24,441.4 (down 0.2%). Tata Consumer Products and Bajaj Finance are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,384.8 to 80,207.9, registering a gain of 13,823.1 points (up 20.8%).

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 2024, INDIAN ENERGY EXCHANGE reported 14.7% increase in net profit to Rs 3,508 million compared to net profit of Rs 3,059 million during FY23. Revenue of the company grew 12.0% to Rs 4,492 million during FY24.

The current Price to earnings ratio of INDIAN ENERGY EXCHANGE , based on rolling 12 month earnings, stands at 45.5.


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