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INOX GREEN ENERGY Gains 8%; BSE OIL & GAS Index Up 0.7%
Tue, 30 Jul 16:8

INOX GREEN ENERGY Gains 8%; BSE OIL & GAS Index Up 0.7%Image source: Nikada/www.istockphoto.com

INOX GREEN ENERGY share price has zoomed 8% and is presently trading at Rs 182.6.

Meanwhile, the BSE OIL & GAS index is at 32,477.1 (up 0.7%).

Among the top gainers in the BSE OIL & GAS index today are HPCL (up 3.7%) and BPCL (up 3.3%).

Petronet LNG (down 1.9%) and Reliance Ind. (down 0.6%) are among the top losers today.

Over the last one year, INOX GREEN ENERGY has moved up from Rs 69.2 to Rs 182.6, registering a gain of Rs 113.3 (up 163.6%).

On the other hand, the BSE OIL & GAS index has moved up from 19,480.3 to 32,477.1, registering a gain of 66.7% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were GAIL (up 100.8%), HPCL (up 96.4%) and ONGC (up 92.0%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,411.0 (up 0.1%).

The top gainers among the BSE Sensex today are Tata Motors (up 3.4%) and NTPC (up 3.3%). The most traded stocks in the BSE Sensex are Tata Steel and Axis Bank.

In the meantime, NSE Nifty is at 24,840.9 . Tata Motors and NTPC are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,707.2 to 81,411.0, registering a gain of 14,703.8 points (up 22.0%).

INOX GREEN ENERGY Financial Update...

INOX GREEN ENERGY net profit grew 1160.2% YoY to Rs 216 million for the quarter ended March 2024, compared to a profit of Rs 17 million a year ago. Net sales declined 7.7% to Rs 524 million during the period as against Rs 568 million in January-March 2023.

For the year ended March 2023, INOX GREEN ENERGY reported 311.3% decrease in net profit to Rs -204 million compared to net loss of Rs 50 million during FY22. Revenue of the company grew 47.7% to Rs 2,542 million during FY23.

The current Price to earnings ratio of INOX GREEN ENERGY, based on rolling 12 month earnings, stands at 187.2.

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