ADANI POWER Surges by 5%; BSE POWER Index Up 1.9%

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ADANI POWER Surges by 5%; BSE POWER Index Up 1.9%
Fri, 15 Feb 11:06 AM

ADANI POWER share price has zoomed 5% and is presently trading at Rs 39.

Meanwhile, the BSE POWER Index is at 1,783 (up 1.9%).

Among the top Gainers in the BSE POWER Index today is ADANI POWER (up 5.1%).

JSW ENERGY (down 0.6%) and GMR INFRA (down 0.7%) are among the top losers today.

Over the last one year, ADANI POWER has moved up from Rs 33 to Rs 39, registering a gain of Rs 6 (up 17.3%).

On the other hand, the BSE POWER has moved down from 2,258 to 1,783, loss of 475 points (down 21.2%) during the last 12 months.

The top gainers among the BSE POWER Index stocks during this same period were ADANI POWER (up 17.3%) and ADANI TRANSMISSION (up 1.2%).

Revealed: Top 3 Stocks for 2020 and Beyond

What About the Benchmark Indices?

The BSE Sensex is at 36,023 (down 0.6%).

The top gainers among the BSE Sensex stocks today are ONGC (up 5.2%), NTPC (up 3.8%) and POWER GRID (up 3.4%). Other gainers include L&T (up 1.5%) and COAL INDIA (up 1.4%). The most traded stocks in the BSE Sensex are ONGC and ICICI BANK.

In the meantime, NSE Nifty is at 10,786 (down 0.9%). ONGC (up 5.0%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,156 to 36,023, registering a gain of 1,867 points (up 4.4%).

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 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 6.6x.



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