Torrent Power Limited (NSE: TORNTPOWER)
India
· Delayed Price · Currency is INR | Market Cap | 760.53B |
| Revenue (ttm) | 291.04B |
| Net Income (ttm) | 22.43B |
| Shares Out | 480.62M |
| EPS (ttm) | 46.68 |
| PE Ratio | 33.90 |
| Forward PE | 28.48 |
| Dividend | 16.00 (1.01%) |
| Ex-Dividend Date | Jun 14, 2024 |
| Volume | 451,419 |
| Open | 1,590.00 |
| Previous Close | 1,583.10 |
| Day's Range | 1,570.00 - 1,615.40 |
| 52-Week Range | 784.20 - 2,037.00 |
| Beta | 0.40 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | Nov 11, 2024 |
About Torrent Power
Torrent Power Limited, together with its subsidiaries, engages in the generation, transmission, and distribution of electricity in India. The company owns thermal power plants with a generation capacity of 3,092 megawatts; solar power plants with a generation capacity of 2,077 megawatts peak; and wind power plants with a generation capacity of 2,199 megawatts. It also distributes electricity in the cities of Ahmedabad, Gandhinagar, Surat, Dadra and Nagar Haveli, Daman and Diu, Dahej, and Dholera covering an area of 2,050 square kilometers; and ... [Read more]
Financial Performance
In 2023, Torrent Power's revenue was 271.83 billion, an increase of 5.80% compared to the previous year's 256.94 billion. Earnings were 18.33 billion, a decrease of -13.42%.
Financial StatementsNews
Torrent Power’s market cap drops by Rs 3,758 crore as stock falls 5% today
Torrent Power witnessed a significant drop of 5% today, with the share price falling from ₹1,645.10 to ₹1,562.80. This decline reduced the company’s market cap to an estimated ₹75,111 crore. Additiona...
Torrent Power shares drop 2% on Q2 FY25 results
Torrent Power saw a dip in its stock price by over 2% in morning trade following the release of its Q2 FY25 financial results. Despite showing year-on-year (YoY) growth, the company’s sequential quart...
Torrent Power Q2 FY25 results: Revenue up 3.1% YoY to Rs 7,175.81 crore; profit rises 14.8% YoY to Rs 495.72 crore
Torrent Power has reported its Q2 FY25 financial results, showing growth in both revenue and profit on a year-on-year (YoY) basis. The company’s revenue increased by 3.1% YoY to ₹7,175.81 crore, compa...
Q2FY25 Earnings Today for Key Companies: Alkem, Apollo Tyres, Brigade, Deepak Nitrite, Eicher Motors, GRSE, Idea, PI Industries, Sun TV, Thermax, Torrent Power to announce results
The Q2FY25 earnings season continues as major companies are set to report their financial results on November 13, 2024. Here are the key expectations: Alkem: Revenue expected at ₹3,639 crore, up from ...
Torrent Power signs share subscription agreement with Spectrum Dyes, Anubha Industries for renewable power supply
Torrent Power Limited announced the signing of a Share Subscription and Shareholders’ Agreement (SSSA) with Spectrum Dyes and Chemicals Private Limited, Anubha Industries Private Limited, and Torrent ...
SBI Magnum Mid Cap Fund delivers 32.77% returns in last year, top holdings in Torrent Power and Sundaram Finance
The SBI Magnum Mid Cap Direct Plan-Growth is an equity mutual fund from SBI Mutual Fund. As of 09 Nov 2024, the fund has an impressive AUM of ₹22,338.38 Crores and an NAV of ₹263.373. SBI Magnum Mid C...
Stocks to Buy This Diwali: AngelOne sees Torrent Power Ltd rising to ₹2,300, with an 18% upside
AngelOne has identified Torrent Power Ltd as a valuable stock pick for Diwali 2024, with a target price of ₹2,300. Currently trading at ₹1,953, Torrent Power offers an 18% upside potential. The compan...
Torrent Power up 2% following stake sale agreement with Torrent Investments
Torrent Power shares jumped more than 2% to hit a 52-week high of Rs 1.993,00 after the company signed a Share Purchase Agreement to sell its 100% stake in Torrent Electricals Limited to its holding f...
Stocks in focus today: JM Financial, IRB Infra, Tata Tech, Torrent Power, Timken India, Infosys, IRFC, and Premier Energies [Oct 10]
The Competition Commission of India (CCI) has approved JM Financial’s proposed acquisition of a 43% stake in JM Financial Credit Solutions Ltd (JMFCSL) and a 71.79% stake in JM Financial Asset Reconst...
Torrent Power share price surges over 7% after getting order to supply 2,000 MW pumped storage in Maharashtra
Torrent Power shares jumped more than 7% in morning trade after the company received a contract from the Maharashtra government to supply 2,000 megawatt energy storage capacity from its upcoming plant...
Morgan Stanley maintains Overweight on Torrent Power, expects 24.8% upside from current share price
Morgan Stanley has maintained its ‘Overweight’ rating on Torrent Power with a target price of ₹2,268, suggesting a 24.8% upside from the current market price of ₹1,817.95. The brokerage highlights Tor...
Torrent Power’s pumped storage project to power Maharashtra for 40 years
Torrent Power Ltd has been awarded a contract by Maharashtra State Electricity Distribution Company Ltd for the long-term supply of 2,000 MW from a pumped hydro storage plant. The power will be source...
Torrent Power secures 2,000 MW energy storage contract from MSEDCL
Torrent Power has recently informed exchanges that the company has received two Letter of Awards from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for a total of 2,000 MW of ene...
Axis Growth Opportunities Fund sees 42.97% returns in last year, top holdings in Torrent Power & ICICI Bank
Axis Growth Opportunities Fund Direct-Growth is Axis Mutual Fund’s equity mutual fund scheme. The mutual fund has an AUM of ₹14,161.13 Crores and the current NAV is ₹35.750 as of October 5, 2024. The ...
Torrent Power Stock: Share price surges 7% this week after receiving 1,500 MW pumped hydro storage project
Torrent Power share price jumped more than 7% this week after receiving 1,500 MW pumped hydro storage project from Maharashtra State Electricity Distribution Co. Limited. According to a company statem...
Torrent Power stock delines over 4%
Shares of Torrent Power Ltd. (NSE: TORNTPOWER) fell 4.37% to ₹1,848.40 at 10:22 AM, reflecting a significant decline in the company’s stock. The stock opened at ₹1,932.00, which also marked its high f...
Stock Market Today: Top gainers and losers in market today, September 18, 2024; Reliance Infra, Torrent Power, SBI Cards, Zee and more
Indian equity indices were unable to sustain early gains and closed in the red on September 18, with Nifty falling below 25,400. By the end of the session, the Sensex had dropped 131.43 points or 0.16...
Torrent Power shares surge 4% after securing 1,500 MW pumped hydro storage project
Torrent Power shares jumped more than 4% in morning trade after the company secured a 1,500 MW pumped hydro storage project from Maharashtra State Electricity Distribution Co. Limited. The company eme...
Stock Market news: ONGC, Reliance Power settle liabilities; Torrent Power, Inox Wind secure major projects; Radhakishan Damani trims stake in VST Industries
In today’s market update, several key developments are making headlines, ranging from tax cuts to significant project announcements and major corporate moves. Green: Key Developments ONGC & Oil India:...
Torrent bags LoI for 1,500MW pumped hydro storage project in M’rashtra
Ahmedabad: Torrent Power Limited on Tuesday announced it has been awarded a Letter of Intent (LOI) by Maharashtra State Electricity Distribution Compa.
Torrent Power bags LOI for 1,500 MW pumped hydro storage project from MSEDCL
The Maharashtra State Electricity Distribution Co. Limited (MSEDCL) has recently awarded a Letter of Intent (LOI) to Torrent Power Limited, the winning bidder, for the procurement of 1,500 MW/ 12,000 ...
India: Torrent Power commits investment of $7.6bln in renewable energy projects
The company is aiming to achieve 10 gigawatts (GW) of installed renewable energy (RE) capacity by 2030, with an investment of Rs 57,000 crore
Torrent Power surges another 6% as the top F&O gainer today
Torrent Power shares jumped more than 6% in the morning trade. The share is higher for the 2nd day after the company committed to investing Rs 64,200 cr in renewable energy projects. Torrent Power Lim...
Green energy: Torrent to invest 64k cr
Ahmedabad: Torrent Power Limited, the integrated power utility of Torrent Group, reaffirmed its commitment to sustainable future as it submitted two ‘.
Torrent power to invest Rs 64,000 crore at RE invest 2024
Submits Shapath Patra to Install 10GW RE Projects by 2030 and 100,000 KTPA Green Ammonia