TORRENT POWER LTD Surges by 5%; BSE POWER Index Up 3.9%

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TORRENT POWER LTD Surges by 5%; BSE POWER Index Up 3.9%
Mon, 20 May 12:14 PM

TORRENT POWER LTD share price has zoomed 5% and is presently trading at Rs 250.

Meanwhile, the BSE POWER Index is at 1,936 (up 3.9%).

Among the top Gainers in the BSE POWER Index today are TORRENT POWER LTD (up 5.1%) and ADANI TRANSMISSION (up 9.6%).

Over the last one year, TORRENT POWER LTD has moved up from Rs 232 to Rs 250, registering a gain of Rs 18 (up 7.0%).

On the other hand, the BSE POWER has moved down from 2,136 to 1,936, loss of 200 points (down 9.4%) during the last 12 months.

The top gainers among the BSE POWER Index stocks during this same period were ADANI POWER (up 107.6%), ADANI TRANSMISSION (up 70.9%) and ABB INDIA (up 16.4%).

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What About the Benchmark Indices?

The BSE Sensex is at 38,973 (up 2.7%).

The top gainers among the BSE Sensex stocks today are SBI (up 6.7%), YES BANK (up 5.8%) and INDUSIND BANK (up 5.3%). Other gainers include L&T (up 5.3%) and TATA MOTORS (up 5.3%). The most traded stocks in the BSE Sensex are YES BANK and SBI.

In the meantime, NSE Nifty is at 11,718 (up 2.7%). ADANI PORTS & SEZ (up 8.1%) and GRASIM (up 6.9%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,149 to 38,973, registering a gain of 3,824 points (up 10.9%).

TORRENT POWER LTD Financial Update...

TORRENT POWER LTD net profit down at Rs 248 million for the quarter ended March 2019, compared to a loss of Rs 2 billion a year ago. Net Sales declined 10.1% to Rs 29.2 billion during the period as against Rs 32.5 billion in January-March 2018.

For the year ended March 2018, TORRENT POWER LTD reported 121.5% increase in net profit to Rs 9.5 billion compared to net profit of Rs 4.3 billion during FY17.

Revenue of the company grew 15.1% to Rs 115 billion during FY18.

The current Price to earnings ratio of TORRENT POWER LTD, based on rolling 12 month earnings, stands at 13.2x.



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