ADANI POWER Surges by 5%; BSE POWER Index Up 2.5%
May 27, 2019 01:18 PM

ADANI POWER share price has zoomed 5% and is presently trading at Rs 50.

Meanwhile, the BSE POWER Index is at 2,018 (up 2.5%).

Among the top Gainers in the BSE POWER Index today are ADANI POWER (up 5.2%) and ABB INDIA (up 7.3%).

RELIANCE INFRA (down 0.1%) and CG POWER & INDUSTRIAL (down 2.9%) are among the top losers today.

Over the last one year, ADANI POWER has moved up from Rs 19 to Rs 50, registering a gain of Rs 31 (up 160.7%).

On the other hand, the BSE POWER has moved down from 2,080 to 2,018, loss of 62 points (down 3.4%) during the last 12 months.

The top gainers among the BSE POWER Index stocks during this same period were ADANI POWER (up 160.7%), ADANI TRANSMISSION (up 80.7%) and ABB INDIA (up 37.4%).

What About the Benchmark Indices?

The BSE Sensex is at 39,822 (up 0.9%).

The top gainers among the BSE Sensex stocks today are TATA STEEL (up 5.1%), YES BANK (up 3.9%) and L&T (up 3.0%). Other gainers include HDFC (up 2.6%) and NTPC (up 2.6%). The most traded stocks in the BSE Sensex are YES BANK and SBI.

In the meantime, NSE Nifty is at 11,957 (up 0.8%). GRASIM (up 4.3%) and YES BANK (up 3.8%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,663 to 39,822, registering a gain of 5,159 points (up 14.8%).

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 8.4x.