Torrent Power soars 7% on healthy operational performance

Published On: Tuesday, May 19, 2020 | By: Team KnowMyStock

Shares of Torrent Power gained 7 per cent to Rs 318 on the BSE on Tuesday after the company reported a healthy 15 per cent year-on-year growth in EBITDA (earnings before interest, taxes, depreciation and amortization) at Rs 864 crore in the March quarter. The total market cap of the Torrent Power Ltd. stood at Rs 15084.16 crore. It reported a consolidated net loss of Rs 273.94 crore in the March quarter due to an exceptional item. The company's consolidated net profit was Rs 24.80 crore in the quarter ended on March 31, 2019. The company’s operational revenues remained flat Rs 2,984 crore in Q4FY20 against Rs 2,925 crore in the corresponding quarter of the previous year. The company reported consolidated sales of Rs 2983.5 crore for the quarter ended 31-Mar-2020, down 3.1 per cent from previous quarter's Rs 3079.0 crore and down 2.01 per cent from the year-ago quarter's Rs 2924.8 crore.

Closing Bell: Sensex gains 85 points, Nifty at 18755.90

Closing Bell:Sensex gains 418 points, Nifty at 18716.15

MARKET UPDATE: Sensex rose 135 points to 62761, and the NSE Nifty50 moved 40 points higher to 18,600

Closing Bell: Sensex down 223 points, Nifty at 18,563

MARKET UPDATE: Sensex surged over 100 points to trade around 62,962 levels, whereas Nifty50 climbed over 30 points to trade above 18,650 levels

MARKET UPDATE: Sensex gained over 50 points to trade around 63,228 levels, whereas Nifty50 traded marginally above 18,700 levels

MARKET UPDATE: Sensex surged over 150 points to trade around 62,988 levels, whereas Nifty50 gained over 50 points to trade above 18,650 levels

MARKET UPDATE: Sensex traded flat at 62,777 levels, whereas Nifty50 was flat above 18,600 levels

Closing Bell: Sensex up 240 points, Nifty at 18593.85

MARKET UPDATE: Sensex rallied over 300 points, whereas Nifty50 gained over 50 points to trade above 18,600 levels

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