ADANI POWER Plunges by 5%; BSE POWER Index Down 0.1%
April 26, 2019 01:18 PM

ADANI POWER share price has plunged 5% and is presently trading at Rs 51.

Meanwhile, the BSE POWER Index is at 2,015 (down 0.1%).

Among the top losers in the BSE POWER Index today is ADANI POWER (down 5.1%).

CG POWER & INDUSTRIAL (up 2.0%) and NHPC LTD (up 1.3%) are among the top gainers today.

Over the last one year, ADANI POWER has moved up from Rs 25 to Rs 51, registering a gain of Rs 27 (up 107.5%)..

The BSE POWER has moved down from 2,214 to 2,015, loss of 199 points (down 9.0%) during the last 12 months.

The top gainers among the BSE POWER Index stocks during this same period were ADANI POWER (up 94.7%), ADANI TRANSMISSION (up 30.6%) and ABB INDIA (up 10.7%).

What About the Benchmark Indices?

The BSE Sensex is at 38,898 (up 0.2%). The top gainers among the BSE Sensex stocks today are TATA STEEL (up 5.9%). The most traded stocks in the BSE Sensex are NTPC and TATA STEEL.

In the meantime, NSE Nifty is at 11,698 (up 0.3%). TATA STEEL (up 6.0%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,501 to 38,898, registering a gain of 4,397 points (up 12.5%).

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 2018, ADANI POWER reported 0.3% decrease in net profit to Rs 20.9 billion compared to net profit of Rs 21.0 billion during FY17.

Revenue of the company grew 8.9% to Rs 206 billion during FY18.

The current Price to earnings ratio of ADANI POWER, based on rolling 12 month earnings, stands at down 8.2x.