ADANI POWER Share Price Up by 5%; BSE POWER Index Up 0.7%
December 3, 2020 09:26 AM

ADANI POWER share price has zoomed 5% and is presently trading at Rs 48.

Meanwhile, the BSE POWER Index is at 2,064 (up 0.7%).

Among the top Gainers in the BSE POWER Index today is ADANI POWER (up 5.4%).

POWER GRID (down 0.3%) and KALPATARU POWER (down 0.3%) are among the top losers today.

Over the last one year, ADANI POWER has moved down from Rs 62 to Rs 48, registering a loss of Rs 15 (down 23.6%).

On the other hand, the BSE POWER has moved up from 1,919 to 2,064, registering a gain of 145 points (up 7.4%) during the last 12 months.

The top buzzing stocks among the BSE POWER Index stocks during this same period were KEC INTERNATIONAL (up 33.4%), ADANI TRANSMISSION (up 30.2%) and GMR INFRA (up 24.1%).

What About the Benchmark Indices?

The BSE Sensex is at 44,953 (up 0.4%).

The top gainers among the BSE Sensex stocks today are TATA STEEL (up 1.6%), NESTLE (up 1.4%) and MARUTI SUZUKI (up 1.3%). Other gainers include HDFC BANK (up 1.1%) and L&T (up 1.1%). The most traded stocks in the BSE Sensex are RELIANCE IND. and ITC.

In the meantime, NSE Nifty is at 13,217 (up 0.4%). The top gainers in the NSE Nifty include GAIL (up 3.9%), ONGC (up 1.8%) and BPCL (up 1.7%). Other gainers include TATA STEEL (up 1.6%) and HINDALCO (up 1.5%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 40,802 to 44,953, registering a gain of 4,151 points (up 9.76%).

ADANI POWER Financial Update...

ADANI POWER net profit declined 417.2% YoY to Rs 22 billion for the quarter ended September 2020, compared to a loss of Rs 7 billion a year ago. Net Sales rose 17.9% to Rs 77.5 billion during the period as against Rs 65.7 billion in July-September 2019.

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 39.1x.