ADANI POWER Plunges by 6%; BSE POWER Index Down 0.1%

January 25, 2019 10:46 AM

ADANI POWER share price has plunged 6% and is presently trading at Rs 52.

Meanwhile, the BSE POWER Index is at 1,922 (down 0.1%).

Among the top losers in the BSE POWER Index today is ADANI POWER (down 6.0%).

THERMAX LTD (up 1.9%) and SUZLON ENERGY (up 1.2%) are among the top gainers today.

Over the last one year, ADANI POWER has moved up from Rs 38 to Rs 52, registering a gain of Rs 15 (up 39.1%)..

The BSE POWER has moved down from 2,374 to 1,922, loss of 452 points (down 19.0%) during the last 12 months.

The top gainers among the BSE POWER Index stocks during this same period were ADANI POWER (up 30.5%).

What About the Benchmark Indices?

The BSE Sensex is at 36,474 (up 0.6%). The top gainers among the BSE Sensex stocks today are YES BANK (up 5.6%). The most traded stocks in the BSE Sensex are YES BANK and SUN PHARMA.

In the meantime, NSE Nifty is at 10,932 (up 0.5%). YES BANK (up 4.6%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 36,162 to 36,474, registering a gain of 312 points (up 0.7%).

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 7.9x.