ADANI POWER Surges by 12%; BSE POWER Index Up 0.6%

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ADANI POWER Surges by 12%; BSE POWER Index Up 0.6%
Mon, 1 Jul 02:16 PM

ADANI POWER share price has zoomed 12% and is presently trading at Rs 57.

Meanwhile, the BSE POWER Index is at 2,124 (up 0.6%).

Among the top Gainers in the BSE POWER Index today is ADANI POWER (up 11.5%).

GMR INFRA (down 0.2%) and BHEL (down 0.4%) are among the top losers today.

Over the last one year, ADANI POWER has moved up from Rs 16 to Rs 57, registering a gain of Rs 42 (up 267.8%).

On the other hand, the BSE POWER has moved up from 1,911 to 2,124, registering a gain of 213 points (up 10.2%) during the last 12 months.

The top gainers among the BSE POWER Index stocks during this same period were ADANI POWER (up 267.8%), ADANI TRANSMISSION (up 54.5%) and ABB INDIA (up 40.4%).

Revealed: Top 3 Stocks for 2020 and Beyond

What About the Benchmark Indices?

The BSE Sensex is at 39,749 (up 0.9%).

The top gainers among the BSE Sensex stocks today are TATA MOTORS (up 3.6%), BAJAJ AUTO (up 2.7%) and TATA MOTORS DVR (up 2.6%). Other gainers include HDFC (up 2.0%) and INDUSIND BANK (up 1.6%). The most traded stocks in the BSE Sensex are YES BANK and NTPC.

In the meantime, NSE Nifty is at 11,883 (up 0.8%). DR. REDDYS LAB (up 3.8%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,038 to 39,749, registering a gain of 4,711 points (up 13.4%).

ADANI POWER Financial Update...

ADANI POWER net profit declined 153.7% YoY to Rs 6 billion for the quarter ended March 2019, compared to a loss of Rs 12 billion a year ago. Net Sales rose 5.4% to Rs 67.2 billion during the period as against Rs 63.8 billion in January-March 2018.

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 22.4x.



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