ADANI POWER Surges by 5%; BSE POWER Index Down 0.8%
February 26, 2019 12:26 PM

ADANI POWER share price has zoomed 5% and is presently trading at Rs 42.

Meanwhile, the BSE POWER Index is at 1,808 (down 0.8%).

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

RELIANCE INFRA (down 0.2%) and JSW ENERGY (down 0.5%) are among the top losers today.

Over the last one year, ADANI POWER has moved up from Rs 33 to Rs 42, registering a gain of Rs 10 (up 30.0%).

On the other hand, the BSE POWER has moved down from 2,234 to 1,808, loss of 426 points (down 19.2%) during the last 12 months.

The top gainers among the BSE POWER Index stocks during this same period were ADANI POWER (up 30.0%) and ADANI TRANSMISSION (up 0.5%).

What About the Benchmark Indices?

The BSE Sensex is at 36,054 (down 0.7%).

The top gainers among the BSE Sensex stocks today are TATA MOTORS (up 2.8%), TCS (up 1.3%) and TATA MOTORS DVR (up 1.2%). Other gainers include COAL INDIA (up 0.3%) and BAJAJ AUTO (up 0.2%). The most traded stocks in the BSE Sensex are TATA MOTORS and TATA MOTORS DVR.

In the meantime, NSE Nifty is at 10,842 (down 0.6%). TATA MOTORS (up 2.9%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,446 to 36,054, registering a gain of 1,608 points (up 4.4%).

ADANI POWER Financial Update...

ADANI POWER net profit declined 8.5% YoY to Rs 12 billion for the quarter ended December 2018, compared to a loss of Rs 13 billion a year ago. Net Sales rose 31.7% to Rs 63.8 billion during the period as against Rs 48.4 billion in October-December 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 7.2x.