ADANI POWER share price has zoomed 6% and is presently trading at Rs 34.
Meanwhile, the BSE POWER Index is at 1,963 (up 0.3%).
Among the top Gainers in the BSE POWER Index today is ADANI POWER (up 5.7%).
CG POWER & INDUSTRIAL SOLUTIONS LTD (down 0.1%) and JSW ENERGY (down 0.3%) are among the top losers today.
Over the last one year, ADANI POWER has moved up from Rs 30 to Rs 34, registering a gain of Rs 4 (up 14.1%).
On the other hand, the BSE POWER has moved down from 2,238 to 1,963, loss of 275 points (down 12.8%) during the last 12 months.
The top gainers among the BSE POWER Index stocks during this same period were ADANI POWER (up 14.1%), TORRENT POWER LTD (up 3.5%) and GMR INFRA (up 2.5%).
Access Now: Eight Steps to Your Eight Figure Fortune
The BSE Sensex is at 35,009 (down 0.1%).
The top gainers among the BSE Sensex stocks today are ITC LTD (up 1.8%), INFOSYS LTD (up 1.5%) and WIPRO (up 1.3%). Other gainers include ONGC (up 1.1%) and SUN PHARMA (up 1.0%). The most traded stocks in the BSE Sensex are TATA MOTORS and ITC LTD.
In the meantime, NSE Nifty is at 10,526 (up 0.2%). LUPIN LTD (up 3.8%) is among the top gainers in NSE Nifty.
Over the last 12 months, the BSE Sensex has moved up from 32,182 to 35,009, registering a gain of 2,827 points (up 7.8%).
ADANI POWER net profit declined 36.1% YoY to Rs 8 billion for the quarter ended June 2018, compared to a loss of Rs 13 billion a year ago. Net Sales declined 20.9% to Rs 38.3 billion during the period as against Rs 48.4 billion in April-June 2017.
For the year ended March 2017, ADANI POWER reported 480.8% decrease in net profit to Rs 21.0 billion compared to net profit of Rs 5.5 billion during FY16.
Revenue of the company grew 10.8% to Rs 228 billion during FY17.
The current Price to earnings ratio of ADANI POWER, based on rolling 12 month earnings, stands at down 5.4x. p >
What else is happening in the markets today? Dig in...
Indian share markets witnessed huge buying interest during the extended closing hours today and ended their day on a strong note.
The BSE Sensex is trading up by 477 points, while the NSE Nifty is trading up by 135 points.
SIEMENS share price has hit an all time high at Rs 1,922 (up 1.7%). The BSE CAPITAL GOODS Index is up by 0.5%. Among the top gainers in the BSE CAPITAL GOODS Index today are SIEMENS (up 1.7%) and HONEYWELL AUTOMATION (up 1.9%). The top losers include HAVELLS INDIA (down 0.2%) and GRAPHITE INDIA (down 0.2%).
MUTHOOT FINANCE share price is trading down by 6% and its current market price is Rs 1,315. The BSE 500 is up by 0.5%. The top gainers in the BSE 500 Index are INDIAN OVERSEAS BANK (up 10.0%) and BANK OF MAHARASHTRA (up 10.0%). The top losers are MUTHOOT FINANCE (down 5.8%) and HIMADRI SPECIALITY CHEMICAL (down 5.4%).
ZENSAR TECHNOLOGIES share price has hit a 52-week high. It is presently trading at Rs 282. BSE 500 Index is up by 0.5% at 19,684. Within the BSE 500, ZENSAR TECHNOLOGIES (up 5.3%) and NAVA BHARAT VENTURES (up 11.2%) are among the top gainers, while top losers are MAGMA FINCORP and RELIANCE POWER.
BSE Sensex is trading up by 226 points, while the NSE Nifty is trading up by 113 points.
View More Indian Share Market NewsIn this video, I'll cover your queries on intraday trading and also share my view on how to decide stop losses and target prices.
This is first of the three part master series. In these editorials, I'll show you how to earn 10X returns from a penny stock portfolio over 10 years.
A look at what India's top equity mutual funds bought and sold in January 2021.
Do you enjoy reading Tesla and Bitcoin stories? Here's a not so famous small-cap stock to profit from the rise of EVs.
More
Equitymaster requests your view! Post a comment on "ADANI POWER Surges by 6%; BSE POWER Index Up 0.3%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!