ADANI POWER Share Price Up by 7%; BSE POWER Index Up 0.1%
March 4, 2021 09:58 AM

ADANI POWER share price has zoomed 7% and is presently trading at Rs 70.

Meanwhile, the BSE POWER Index is at 2,558 (up 0.1%).

Among the top Gainers in the BSE POWER Index today is ADANI POWER (up 7.3%).

POWER GRID (down 1.0%) and RELIANCE INFRA (down 1.4%) are among the top losers today.

Over the last one year, ADANI POWER has moved up from Rs 47 to Rs 70, registering a gain of Rs 23 (up 48.3%).

On the other hand, the BSE POWER has moved up from 1,704 to 2,558, registering a gain of 854 points (up 49.6%) during the last 12 months.

The top buzzing stocks among the BSE POWER Index stocks during this same period were ADANI TRANSMISSION (up 231.9%), TATA POWER (up 145.1%) and BHEL (up 74.6%).

What About the Benchmark Indices?

The BSE Sensex is at 50,957 (down 1.7%).

The top gainers among the BSE Sensex stocks today are ONGC (up 0.5%) and TECH MAHINDRA (up 0.2%). The most traded stocks in the BSE Sensex are ONGC and TECH MAHINDRA.

In the meantime, NSE Nifty is at 15,101 (down 1.5%). The top gainers in the NSE Nifty include ADANI PORTS & SEZ (up 2.0%), ONGC (up 0.5%) and TECH MAHINDRA (up 0.2%). Other gainers include INFOSYS (up 0.1%) and GRASIM are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 38,144 to 50,957, registering a gain of 12,813 points (up 32.62%).

ADANI POWER Financial Update...

ADANI POWER net profit declined 58.9% YoY to Rs 3 billion for the quarter ended December 2020, compared to a loss of Rs 7 billion a year ago. Net Sales rose 4.9% to Rs 68.9 billion during the period as against Rs 65.7 billion in October-December 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 480.0x.