Latest news with #BSEPower
Business Standard
7 days ago
- Business
- Business Standard
Suzlon Energy Ltd Surges 13.1%
Suzlon Energy Ltd has added 31.28% over last one month compared to 3.51% gain in BSE Power index and 1.52% rise in the SENSEXSuzlon Energy Ltd gained 13.1% today to trade at Rs 73.99. The BSE Power index is up 0.81% to quote at 6881.22. The index is up 3.51 % over last one month. Among the other constituents of the index, Bharat Heavy Electricals Ltd increased 0.69% and ABB India Ltd added 0.48% on the day. The BSE Power index went down 9.01 % over last one year compared to the 10.26% surge in benchmark SENSEX. Suzlon Energy Ltd has added 31.28% over last one month compared to 3.51% gain in BSE Power index and 1.52% rise in the SENSEX. On the BSE, 98.01 lakh shares were traded in the counter so far compared with average daily volumes of 100.68 lakh shares in the past one month. The stock hit a record high of Rs 86.04 on 12 Sep 2024. The stock hit a 52-week low of Rs 43.5 on 29 May by Capital Market - Live News
Business Standard
27-05-2025
- Business
- Business Standard
Siemens Ltd Spikes 1.14%
Siemens Ltd has added 16.05% over last one month compared to 2.71% gain in BSE Power index and 3.57% rise in the SENSEX Siemens Ltd rose 1.14% today to trade at Rs 3287.85. The BSE Power index is up 0.32% to quote at 6870.12. The index is up 2.71 % over last one month. Among the other constituents of the index, Suzlon Energy Ltd increased 0.56% on the day. The BSE Power index went down 11.38 % over last one year compared to the 8.82% surge in benchmark SENSEX. Siemens Ltd has added 16.05% over last one month compared to 2.71% gain in BSE Power index and 3.57% rise in the SENSEX. On the BSE, 2817 shares were traded in the counter so far compared with average daily volumes of 40877 shares in the past one month. The stock hit a record high of Rs 4041.64 on 16 Oct 2024. The stock hit a 52-week low of Rs 2271.44 on 03 Mar 2025.
Business Standard
26-05-2025
- Business
- Business Standard
Adani Power Ltd Spikes 2.08%, BSE Power index Rises 1.03%
Adani Power Ltd has added 2.81% over last one month compared to 2.81% gain in BSE Power index and 3.82% rise in the SENSEX Adani Power Ltd rose 2.08% today to trade at Rs 564.6. The BSE Power index is up 1.03% to quote at 6876.82. The index is up 2.81 % over last one month. Among the other constituents of the index, Power Grid Corporation of India Ltd increased 1.73% and Suzlon Energy Ltd added 1.62% on the day. The BSE Power index went down 11.73 % over last one year compared to the 9.05% surge in benchmark SENSEX. Adani Power Ltd has added 2.81% over last one month compared to 2.81% gain in BSE Power index and 3.82% rise in the SENSEX. On the BSE, 18766 shares were traded in the counter so far compared with average daily volumes of 6.79 lakh shares in the past one month. The stock hit a record high of Rs 896.75 on 03 Jun 2024. The stock hit a 52-week low of Rs 430.85 on 21 Nov 2024.
Mint
19-05-2025
- Business
- Mint
JSW Energy's Ebitda growth fueled by debt binge
JSW Energy Ltd's stock gained about 3% to ₹504 on Friday even though its results for the quarter and year-ended March were unimpressive. Reported profit after tax increased 20% year-on-year (y-o-y) to ₹415 crore in Q4FY25, but it was mainly because other income more than doubled to ₹308 crore. Other income included a one-off element of about ₹100 crore related to the write-back of provision for deferred consideration related to Mytrah Energy. Notably, Q4FY25 Ebitda was up a mere 3% to ₹1,204 crore, while the metric for FY25 was down 3% to ₹5,221 crore. So, what explains the Street's positive reaction? This can be attributed to expectations of Ebitda almost doubling in FY26 to ₹10,500 crore, based on Bloomberg consensus estimates. While the estimated Ebitda growth seems aggressive, a deep dive into the new power generation capacities coming on stream shows that it is feasible to achieve most of it. Also read | Mint Primer | Can JSW ruling upset insolvency regime's balance? KSK Mahanadi contributed ₹200 crore to Ebitda in about a month after the completion of the acquisition on 6 March. Thus, KSK, being a thermal power plant, can achieve an annual Ebitda of ₹2,400 crore from its operational capacity of 1,800 MW even though total capacity is 3,600 MW. KSK alone, with numbers from full-year operations, could lead to a nearly 40% jump in the company's total FY26 total Ebitda over FY25. Also, JSW Energy's acquisition of O2Power, a renewable power company, will start reflecting in FY26 financials. About 1.3 GW capacity is operational and is likely to reach 2.3 GW by June-end. Assuming an annual steady state Ebitda of ₹1,500 crore, it should add about ₹1,000 crore to the company's FY26 Ebitda. Note that unit 2 of Utkal with 350 MW capacity has been commissioned with effect from 15 January. This would contribute to full-year Ebitda growth as well, though it is hard to quantify the upside as the plant's power generation is sold on a spot basis and short-term power rates are difficult to predict. Read this | L&T, Afcons, JSW vie for Nicobar project Notwithstanding the strong Ebitda growth prospects in FY26, from their respective peaks in September, JSW Energy's shares have fallen nearly 37% and the BSE Power index is down 22%. The underperformance of the stock is due to rich valuations. Now, there are added concerns about execution risks and possible equity dilution that may be required, given the company's ambitious growth strategy. ICICI Securities Ltd points out even though most of JSW Energy's new assets are value accretive, funding these projects would require equity raising at the holding company or special purpose vehicle level. Note that JSW Energy has once again raised its capacity targets from 20 GW by FY30 to 30 GW by FY30. Also, the target for energy storage projects has been kept at 40GWH by FY30. The growth could be achieved from organic and inorganic routes, depending on the available opportunities. The company estimates capital expenditure of ₹1.3 trillion over a five-year period ending FY30 to reach the desired capacity. Capex needs for FY26 are about ₹15,000-18,000 crore. To be sure, though JSW Energy's operational power generation capacity has increased at a fair clip, it has been achieved through higher leverage. Net debt at FY25-end is ₹44,000 crore. If it does not raise equity, debt is likely to rise in FY26 as capex for the full year is far higher than estimated cash profit (or Ebitda minus interest cost). Even after factoring in the doubling of Ebitda this financial year, the stock is quoting at EV/Ebitda of 11x based on Bloomberg consensus estimate for FY26. And read | Prolonged uncertainty awaits JSW Steel after Supreme Court rejects resolution plan for Bhushan Power
Mint
24-04-2025
- Business
- Mint
Reliance Power share price jumps 7% despite flat Indian stock market bias. Buy, sell or hold?
Reliance Power share price jumped more than 7% in early trade on Thursday despite a flat trend in the Indian stock market. Reliance Power shares rallied as much as 7.62% to ₹ 46.87 apiece on the BSE. The gains in Reliance Power share price comes with high trading volumes on the BSE and NSE. Around 6 crore Reliance Power shares changed hands in the Indian stock exchanges on April 24 as against its one week average trading volumes of 5 crore shares. Meanwhile, the BSE Power index was up 0.28%, led by gains in stocks like Tata Power, Suzlon Energy, Adani Green Energy, NTPC, Siemens, JSW Energy and Adani Power. Reliance Power share price rally also comes when the Indian stock market traded lower, breaking its seven day winning streak. The benchmark Sensex was trading 194.77 points, or 0.24%, lower at 79,921.72, while the Nifty 50 was down by 56.75 points, or 0.23%, at 24,272.20. On the technical charts, the Reliance Power share price remains rangebound, and analysts believe the trend to be sideways. 'Reliance Power shares are trading in a range. The stock faces resistance at its previous swing high of December at around ₹ 48 - 49 levels. Reliance Power shares have a good support at ₹ 41 level. The trend seems to be sideways,' said Ruchit Jain, Vice President, Equity Technical Research, Motilal Oswal Financial Services Ltd. Jain suggests traders with existing positions in Reliance Power shares at lower levels to hold the stock. He does not recommend buying fresh positions in Reliance Power shares as he expects the stock to remain sideways. Reliance Power share price has witnessed a strong rally in recent times, gaining 22% over the past month and over 20% in the last three months. On a year-to-date (YTD) basis, Reliance Power stock price is up 4%, while it has surged 68% over the past year. Over the long term, Reliance Power share price has delivered exceptional returns, with the stock appreciating 294% in two years and an impressive 2,031% over a five-year period, marking a significant multibagger performance. At 9:35 AM, Reliance Power share price was trading 6.08% higher at ₹ 46.20 apiece on the BSE.
