January 14, 2025 | 11:23 AM IST
Adani Power's stock has surged by 17% and is currently trading at ₹526.4. This jump is part of a broader rally in the power sector, as indicated by the BSE Power Index, which has risen by 4.2% to 6,408.0.
Highlights
- Adani Green Energy has risen by 12.8%, while Adani Energy Solutions has seen a gain of 11.7%.
- Despite today's surge, Adani Power's stock has declined 2.9% over the last year, falling from ₹542.1 to ₹526.4.
- The BSE Power Index, however, has grown 5.5% over the same period, rising from 6,076.0 to 6,408.0.
Top Gainers Over the Year in the BSE Power Index
- KEC International: Up 58.6%
- Siemens: Up 40.0%
- Torrent Power: Up 34.0%
Broader Market View
The power sector rally is bolstering the overall market:
- BSE Sensex: Gained 0.6%, currently at 76,802.5.
- NSE Nifty: Up 0.7%, trading at 23,236.5.
BSE Sensex Leaders
- Mundra Port & SEZ: Up 5.5%
- NTPC: Up 4.0%
Most Traded Stocks
- Zomato
- ICICI Bank
Performance Over the Last Year
- BSE Sensex: Up 7.2%, rising from 71,657.7 to 76,802.5.
Adani Power Financial Highlights
Quarterly Performance (Q2 FY25)
- Net Profit: Declined 50.0% YoY, to ₹32,975 million (from ₹65,942 million in Q2 FY24).
- Net Sales: Increased 2.7% YoY, to ₹133,389 million (from ₹129,906 million in Q2 FY24).
Annual Performance (FY24)
- Net Profit: Soared 94.2% YoY, to ₹208,288 million (from ₹107,266 million in FY23).
- Revenue: Increased 29.9%, to ₹503,513 million (from ₹387,592 million in FY23).
Indian Share Market Update: Top Gainers and Losers
BSE-30 76,650 (+320) ↑
| TOP GAINERS | Price | % Change |
|---|---|---|
| Adani Ports & SEZ | 1,124.70 | 5.43% ↑ |
| NTPC | 310.15 | 3.99% ↑ |
| Zomato | 236.00 | 3.90% ↑ |
| Tata Motors | 773.90 | 3.08% ↑ |
| SBI | 751.45 | 2.99% ↑ |
| TOP LOSERS | Price | % Change |
|---|---|---|
| HCL Technologies | 1,828.80 | -7.88% ↓ |
| Hindustan Unilever | 2,411.35 | -1.70% ↓ |
| Titan | 3,344.10 | -1.01% ↓ |
| Reliance Ind. | 1,229.85 | -0.82% ↓ |
| TCS | 4,263.40 | -0.66% ↓ |
NSE-50 23,199 (+113) ↑
| TOP GAINERS | Price | % Change |
|---|---|---|
| Adani Enterprises | 2,393.60 | 7.57% ↑ |
| Adani Ports & SEZ | 1,124.70 | 5.44% ↑ |
| NTPC | 310.30 | 4.06% ↑ |
| Hindalco | 585.20 | 3.80% ↑ |
| IOC | 125.88 | 3.19% ↑ |
| TOP LOSERS | Price | % Change |
|---|---|---|
| HCL Technologies | 1,829.95 | -8.01% ↓ |
| Hindustan Unilever | 2,409.00 | -1.71% ↓ |
| Apollo Hospitals | 6,746.30 | -1.36% ↓ |
| Titan | 3,346.20 | -1.08% ↓ |
| Reliance Ind. | 1,230.85 | -0.73% ↓ |
Valuation Ratios
- The Price-to-Earnings (P/E) ratio, based on rolling 12-month earnings, is 16.0.
Conclusion
Adani Power's robust performance today highlights its resilience amid market volatility. The company has achieved remarkable annual growth in both profits and revenue, even in a challenging environment. With the broader rally in the power sector and the stellar performance of top constituents in the BSE Power Index, investors may see this as a favorable opportunity to explore growth prospects in the sector.
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