ADANI POWER Plunges by 5%; BSE POWER Index Down 0.4%

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ADANI POWER Plunges by 5%; BSE POWER Index Down 0.4%
Thu, 6 Dec 11:47 AM

ADANI POWER share price has plunged 5% and is presently trading at Rs 54.

Meanwhile, the BSE POWER Index is at 1,916 (down 0.4%).

Among the top losers in the BSE POWER Index today are ADANI POWER (down 5.5%) and CG POWER & INDUSTRIAL SOLUTIONS LTD (down 5.8%).

TORRENT POWER LTD (up 1.0%) and SIEMENS (up 0.9%) are among the top gainers today.

Over the last one year, ADANI POWER has moved up from Rs 34 to Rs 54, registering a gain of Rs 20 (up 60.7%)..

The BSE POWER has moved down from 2,255 to 1,916, loss of 339 points (down 15.0%) during the last 12 months.

The top gainers among the BSE POWER Index stocks during this same period were ADANI POWER (up 52.4%), ADANI TRANSMISSION (up 13.1%) and THERMAX LTD (up 2.9%).

Revealed: Top 3 Stocks for 2020 and Beyond

What About the Benchmark Indices?

The BSE Sensex is at 35,707 (down 1.1%). The top gainers among the BSE Sensex stocks today are SUN PHARMA (up 1.4%), POWER GRID (up 0.5%) and NTPC (up 0.4%). Other gainer include TCS . The most traded stocks in the BSE Sensex are SUN PHARMA and NTPC.

In the meantime, NSE Nifty is at 10,723 (down 1.2%). SUN PHARMA (up 1.7%) and POWER GRID (up 0.4%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,802 to 35,707, registering a gain of 2,905 points (up 8.2%).

ADANI POWER Financial Update...

ADANI POWER net profit declined 130.0% YoY to Rs 4 billion for the quarter ended September 2018, compared to a loss of Rs 13 billion a year ago. Net Sales rose 48.2% to Rs 71.8 billion during the period as against Rs 48.4 billion in July-September 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 8.3x.



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