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Todays Market
Indian Stock Market Updates March 2, 2021

Markets will remain closed on 14^th April, 2021 on account of Dr. Baba Saheb Ambedkar Jayanti.

ADANI POWER Share Price Up by 5%; BSE POWER Index Up 1.4%
Tue, 2 Mar 10:31 AM

ADANI POWER share price has zoomed 5% and is presently trading at Rs 58.

Meanwhile, the BSE POWER Index is at 2,510 (up 1.4%).

Among the top Gainers in the BSE POWER Index today are ADANI POWER (up 5.0%) and JSW ENERGY (up 11.0%).

RELIANCE INFRA (down 2.0%) is among the top loser today.

Over the last one year, ADANI POWER has moved up from Rs 55 to Rs 58, registering a gain of Rs 4 (up 7.2%).

On the other hand, the BSE POWER has moved up from 1,777 to 2,510, registering a gain of 733 points (up 40.9%) during the last 12 months.

The top buzzing stocks among the BSE POWER Index stocks during this same period were ADANI TRANSMISSION (up 186.8%), TATA POWER (up 100.7%) and BHEL (up 53.5%).

Revealed: 3 Stocks for Potentially Massive Gains

What About the Benchmark Indices?

The BSE Sensex is at 50,425 (up 1.0%).

The top gainers among the BSE Sensex stocks today are NTPC (up 3.4%), TECH MAHINDRA (up 2.7%) and M&M (up 2.4%). Other gainers include INFOSYS (up 2.2%) and BAJAJ FINANCE (up 1.8%). The most traded stocks in the BSE Sensex are NTPC and ITC.

In the meantime, NSE Nifty is at 14,934 (up 1.0%). The top gainers in the NSE Nifty include BPCL (up 5.0%), NTPC (up 3.6%) and TECH MAHINDRA (up 2.6%). Other gainers include IOC (up 2.6%) and HERO MOTOCORP (up 2.5%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 39,889 to 50,425, registering a gain of 10,536 points (up 26.17%).

ADANI POWER Financial Update...

ADANI POWER net profit declined 58.9% YoY to Rs 3 billion for the quarter ended December 2020, compared to a loss of Rs 7 billion a year ago. Net Sales rose 4.9% to Rs 68.9 billion during the period as against Rs 65.7 billion in October-December 2019.

For the year ended March 2018, ADANI POWER reported 0.3% decrease in net profit to Rs 20.9 billion compared to net profit of Rs 21.0 billion during FY17.

Revenue of the company grew 8.9% to Rs 206 billion during FY18.

The current Price to earnings ratio of ADANI POWER, based on rolling 12 month earnings, stands at down 402.8x.