Multibagger Power Stock Gains 12% Today, Hits 2nd Consecutive 52-Week High

Mid cap company operating in power sector Torrent Power Ltd shares witnessed a rally of 11.39% in noon trade today on BSE. Torrent Power shares hit fresh 52-week high today and yesterday and witnessed a spurt in volume by more than 6.51 times. Current market price of Torrent Power share BSE is Rs 938.50 per share at 12:35 pm today. Torrent Power shares offered return of 88% year-to-date. Check details below:

Torrent Power Share Quarterly Results: The company for the quarter ended September 30, 2023 declared a surge of 9.2% year-on-year (YoY) in its net profit to Rs 525.9 crore as against a net profit of Rs 481.7 crore in the corresponding quarter of last year, according to the regulatory filing of the company. The company announced its revenue from operations at Rs 6960.9 crore, up 3.8% as compared to Rs 6703.2 crore in the corresponding period of last fiscal. Meanwhile, the company declared its EBITDA at the operating level at Rs 1,221.4 crore, up 4.9% for the quarter under consideration as against Rs 1,164.2 crore in the year-ago period. The EBITDA margin arrived at 17.6% in the quarter under review as against 17.4% in the corresponding period in the previous fiscal.

Torrent Power Stock Performance & Return: The stock's 52-week high price is Rs 1004.50 per share and 52-week low price is Rs 430.90 per share, respectively. The company has a market capitalisation of Rs 45,105.89 crore. Torrent Power shares gained 42% in last 3-months, soared 75% in last 1-year, offered return of 76% in last 2-years, and gave return of 198% in last 3-years. In last 5-years, Torrent Power shares rallied 263%. In last 10-years, Torrent Power shares surged 655%. Nearly 34 lakhs shares of Torrent Power changed hands at both BSE and NSE. Torrent Power shares witnessed a rally of 22% in just last five sessions. In last 1-week, Torrent Power shares soared 18%.

Torrent Power About: Torrent Power is one of the leading brands in the Indian power sector, promoted by the Rs. 21500 Crore Torrent Group - committed to its mission of transforming life by serving two of the most critical needs - healthcare and power. It is an integrated power utility and is one of the largest private sector players in India having interests in power generation, transmission, distribution and manufacturing and supply of power cables, according to its official website.

Disclaimer:

The stock just highlights the rally in shares and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.