CESC Plunges 6%; BSE POWER Index Down 3.5%
Mon, 13 Jan 14:21
Image source: ipopba/www.istockphoto.comCESC share price has plunged 6% and is presently trading at Rs 152.4.
Meanwhile, the BSE POWER index is at 6,193.0 (down 3.5%).
Among the top losers in the BSE POWER index today are BHEL (down 4.9%) and ADANI GREEN ENERGY (down 4.9%).
Over the last one year, CESC has moved up from Rs 139.1 to Rs 152.4, registering a gain of Rs 13.3 (up 9.5%).
On the other hand, the BSE POWER index has moved up from 6,085.2 to 6,193.0, registering a gain of 1.8% during the last 12 months.
The top gainers among the BSE POWER index stocks during this same period were KEC INTERNATIONAL (up 52.8%), Siemens (up 39.4%) and TORRENT POWER (up 28.3%).
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What About the Benchmark Indices?
The BSE Sensex is at 76,426.1 (down 1.2%).
The top losers among the BSE Sensex today are ZOMATO (down 5.7%) and Power Grid Corp. (down 3.7%). The most traded stocks in the BSE Sensex are ZOMATO and Tata Steel.
In the meantime, NSE Nifty is at 23,120.8 (down 1.3%). IOC and Trent are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 71,386.2 to 76,426.1, registering a gain of 5,039.9 points (up 7.1%).
CESC Financial Update...
CESC net profit fell 6.3% YoY to Rs 2,820 million for the quarter ended December 2024, compared to a profit of Rs 3,010 million a year ago. Net sales rose 9.8% to Rs 35,610 million during the period as against Rs 32,440 million in October-December 2023.
For the year ended March 2024, CESC reported 3.6% increase in net profit to Rs 14,473 million compared to net profit of Rs 13,973 million during FY23. Revenue of the company grew 7.3% to Rs 152,932 million during FY24.
The current Price to earnings ratio of CESC, based on rolling 12 month earnings, stands at 13.9.
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