ADANI POWER at 52 Week High; BSE 500 Index Up 1.0%
December 3, 2018 10:31 AM

ADANI POWER share price has hit a 52-week high at Rs 57 (up 3.5%).

Meanwhile, the BSE 500 Index is at 14,519 (up 0.5%).

Among the top gainers in the BSE 500 Index today are ADANI POWER (up 3.5%) and RELIANCE COMMUNICATIONS (up 9.3%).

SHANKARA BUILDING PRODUCTS LTD (down 9.1%) and SUN PHARMA (down 7.7%) are among the top losers today.

Over the last one year, ADANI POWER has moved up from Rs 36 to Rs 57, registering a gain of Rs 22 (up 61.55%).

The BSE 500 has moved up from 14,494 to 14,519, registering a gain of 25 points (up 0.1%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were NIIT TECHNOLOGIES (up 71.3%), INTELLECT DESIGN (up 66.2%) and MINDTREE LTD (up 62.9%).

What About the Benchmark Indices?

The BSE Sensex is at 36,446 (up 0.5%). The top gainers among the BSE Sensex stocks today are VEDANTA LTD (up 3.8%), TATA STEEL (up 2.5%) and COAL INDIA (up 2.2%). Other gainers include HUL (up 1.9%) and TATA MOTORS (up 1.5%). The most traded stocks in the BSE Sensex are POWER GRID and YES BANK.

In the meantime, NSE Nifty is at 10,941 (up 0.4%). INDIABULLS HOU. FIN. (up 5.1%) and VEDANTA LTD (up 4.4%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,149 to 36,446, registering a gain of 3,297 points (up 9.7%).

ADANI POWER Financial Update...

ADANI POWER net profit declined 130.0% YoY to Rs 4 billion for the quarter ended September 2018, compared to a loss of Rs 13 billion a year ago. Net Sales rose 48.2% to Rs 71.8 billion during the period as against Rs 48.4 billion in July-September 2017.

For the year ended March 2017, ADANI POWER reported 480.8% decrease in net profit to Rs 21.0 billion compared to net profit of Rs 5.5 billion during FY16.

Revenue of the company grew 10.8% to Rs 228 billion during FY17.

The current Price to earnings ratio of ADANI POWER, based on rolling 12 month earnings, stands at down 9.3x.