ADANI POWER Plunges by 5%; BSE POWER Index Down 1.8%
May 13, 2019 12:46 PM

ADANI POWER share price has plunged 5% and is presently trading at Rs 41.

Meanwhile, the BSE POWER Index is at 1,896 (down 1.8%).

Among the top losers in the BSE POWER Index today are ADANI POWER (down 5.2%) and KEC INTERNATIONAL (down 5.1%).

Over the last one year, ADANI POWER has moved up from Rs 24 to Rs 41, registering a gain of Rs 17 (up 69.7%)..

The BSE POWER has moved down from 2,159 to 1,896, loss of 263 points (down 12.2%) during the last 12 months.

The top gainers among the BSE POWER Index stocks during this same period were ADANI POWER (up 60.7%), ADANI TRANSMISSION (up 24.6%) and ABB INDIA (up 8.5%).

What About the Benchmark Indices?

The BSE Sensex is at 37,584 (up 0.1%). The top gainers among the BSE Sensex stocks today are HDFC (up 2.1%). The most traded stocks in the BSE Sensex are SBI and RELIANCE IND..

In the meantime, NSE Nifty is at 11,300 (down 0.1%). HDFC (up 1.8%) and TITAN (up 1.3%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,246 to 37,584, registering a gain of 2,338 points (up 6.4%).

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 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 6.7x.