Indiabulls Infra share price has plunged 3% and is presently trading at Rs 84.0.
Meanwhile, the BSE POWER index is at 7,810.7 (down 0.3%).
Among the top losers in the BSE POWER index today are ABB (down 1.6%) and INDIAN ENERGY EXCHANGE (down 1.2%).
ADANI ENERGY SOLUTIONS (up 0.8%) and BHEL (up 0.4%) are among the top gainers today.
Over the last one year, Indiabulls Infra has moved up from Rs 43.4 to Rs 84.0, registering a gain of Rs 40.6 (up 93.6%).
On the other hand, the BSE POWER index has moved up from 3,949.4 to 7,810.7, registering a gain of 97.8% during the last 12 months.
The top gainers among the BSE POWER index stocks during this same period were BHEL (up 251.8%), ADANI POWER (up 188.0%) and TORRENT POWER (up 138.8%).
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The BSE Sensex is at 77,980.9 (down 0.1%).
The top losers among the BSE Sensex today are Tata Steel (down 1.7%) and M&M (down 1.3%). The most traded stocks in the BSE Sensex are Tata Steel and ICICI Bank.
In the meantime, NSE Nifty is at 23,702.7 (down 0.1%). Hindalco and Tata Steel are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 62,970.0 to 77,980.9, registering a gain of 15,010.9 points (up 23.8%).
Indiabulls Infra net profit grew 39.4% YoY to Rs -815 million for the quarter ended March 2024, compared to a loss of Rs 1,345 million a year ago. Net sales rose 17.1% to Rs 12,943 million during the period as against Rs 11,058 million in January-March 2023.
For the year ended March 2023, Indiabulls Infra reported 151.7% decrease in net profit to Rs -2,861 million compared to net profit of Rs 5,539 million during FY22. Revenue of the company grew 29370.4% to Rs 41,238 million during FY23.
The current Price to earnings ratio of Indiabulls Infra, based on rolling 12 month earnings, stands at 27.4.
