ADANI POWER share price has plunged 5% and is presently trading at Rs 30.
Meanwhile, the BSE POWER Index is at 2,002 (down 0.2%).
Among the top losers in the BSE POWER Index today is ADANI POWER (down 5.2%).
NHPC LTD (up 0.8%) and SIEMENS (up 0.5%) are among the top gainers today.
Over the last one year, ADANI POWER has moved down from Rs 33 to Rs 30, registering a loss of Rs 3 (down 9.6%)..
The BSE POWER has moved down from 2,342 to 2,002, loss of 340 points (down 14.5%) during the last 12 months.
The top gainers among the BSE POWER Index stocks during this same period were ADANI TRANSMISSION (up 38.6%), TORRENT POWER LTD (up 14.5%) and KEC INTERNATIONAL (up 5.7%).
What About the Benchmark Indices?
The BSE Sensex is at 37,776 . The top gainers among the BSE Sensex stocks today are COAL INDIA (up 0.9%), ONGC(up 0.7%) and HDFC BANK (up 0.5%). Other gainers include TATA MOTORS DVR (up 0.5%) and BHARTI AIRTEL (up 0.5%). The most traded stocks in the BSE Sensex are ITC LTD and TATA STEEL.
In the meantime, NSE Nifty is at 11,423 (down 0.1%). HINDALCO (up 2.0%) is among the top gainers in NSE Nifty.
Over the last 12 months, the BSE Sensex has moved up from 32,274 to 37,776, registering a gain of 5,502 points (up 16.7%).
ADANI POWER Financial Update...
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 4.4x.
This article was originally published in English at www.equitymaster.com
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