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ADANI POWER Surges by 5%; BSE POWER Index Up 0.4%

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ADANI POWER Surges by 5%; BSE POWER Index Up 0.4%
Mon, 24 Jun 03:08 PM

ADANI POWER share price has zoomed 5% and is presently trading at Rs 50.

Meanwhile, the BSE POWER Index is at 2,024 (up 0.4%).

Among the top Gainers in the BSE POWER Index today are ADANI POWER (up 5.2%) and SUZLON ENERGY (up 10.3%).

ABB INDIA (down 0.1%) and GMR INFRA (down 0.3%) are among the top losers today.

Over the last one year, ADANI POWER has moved up from Rs 19 to Rs 50, registering a gain of Rs 32 (up 169.5%).

On the other hand, the BSE POWER has moved up from 1,988 to 2,024, registering a gain of 36 points (up 1.8%) during the last 12 months.

The top gainers among the BSE POWER Index stocks during this same period were ADANI POWER (up 169.5%), ADANI TRANSMISSION (up 46.9%) and ABB INDIA (up 29.3%).

What About the Benchmark Indices?

The BSE Sensex is at 39,300 (down 0.1%).

The top gainers among the BSE Sensex stocks today are YES BANK (up 2.4%), COAL INDIA (up 1.3%) and M&M (up 1.1%). Other gainers include SBI (up 1.1%) and TATA MOTORS DVR (up 1.0%). The most traded stocks in the BSE Sensex are YES BANK and SBI.

In the meantime, NSE Nifty is at 11,754 (down 0.2%). UPL (up 4.8%) and YES BANK (up 2.4%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,432 to 39,300, registering a gain of 3,868 points (up 10.5%).

ADANI POWER Financial Update...

ADANI POWER net profit declined 153.7% YoY to Rs 6 billion for the quarter ended March 2019, compared to a loss of Rs 12 billion a year ago. Net Sales rose 5.4% to Rs 67.2 billion during the period as against Rs 63.8 billion in January-March 2018.

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 19.7x.

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