TORRENT POWER LTD Surges by 5%; BSE POWER Index Down 0.1%

October 31, 2018 09:35 AM

TORRENT POWER LTD share price has zoomed 5% and is presently trading at Rs 239.

Meanwhile, the BSE POWER Index is at 1,956 (down 0.1%).

Among the top Gainers in the BSE POWER Index today is TORRENT POWER LTD (up 5.2%).

CG POWER & INDUSTRIAL SOLUTIONS LTD (down 0.1%) and NTPC (down 0.7%) are among the top losers today.

Over the last one year, TORRENT POWER LTD has moved down from Rs 277 to Rs 239, registering a loss of Rs 37 (down 13.6%).

On the other hand, the BSE POWER has moved down from 2,352 to 1,956, loss of 396 points (down 17.4%) during the last 12 months.

The top gainers among the BSE POWER Index stocks during this same period were ADANI POWER (up 35.3%).

What About the Benchmark Indices?

The BSE Sensex is at 34,050 (up 0.2%).

The top gainers among the BSE Sensex stocks today are YES BANK (up 2.7%), INFOSYS LTD (up 1.6%) and HDFC (up 1.2%). Other gainers include M&M (up 1.0%) and SUN PHARMA (up 0.9%). The most traded stocks in the BSE Sensex are RELIANCE IND. and YES BANK.

In the meantime, NSE Nifty is at 10,246 (up 0.3%). INDIABULLS HOU. FIN. (up 4.4%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,266 to 34,050, registering a gain of 784 points (up 2.1%).

TORRENT POWER LTD Financial Update...

TORRENT POWER LTD net profit stood at Rs 2 billion for the quarter ended June 2018, compared to a profit of Rs 2 billion a year ago. Net Sales rose 28.1% to Rs 35.3 billion during the period as against Rs 27.5 billion in April-June 2017.

For the year ended March 2018, TORRENT POWER LTD reported 121.5% increase in net profit to Rs 9.5 billion compared to net profit of Rs 4.3 billion during FY17.

Revenue of the company grew 15.1% to Rs 115 billion during FY18.

The current Price to earnings ratio of TORRENT POWER LTD, based on rolling 12 month earnings, stands at 11.8x.