π Torrent Power Share Price Soars by 18% to Reach 52-Week High π
On Wednesday, Torrent Power’s shares showed a strong upward trend, surging by 18% to reach a 52-week high. The share closed at Rs. 1,599 yesterday and opened at Rs. 1,724 today. However, it continued to rise and reached a record high of Rs. 1,906.
π Company Performance Highlights π
- π Torrent Power Limited announced its third-quarter results on Tuesday, following which the stock jumped by 10% upon opening.
- π The company has reported the highest revenue EBITDA and profitability in the last 13 quarters.
- π Revenue increased by 23.3%, with a 4.7% growth in income and an estimated 10% increase in EBITDA.
- π EBITDA recorded an impressive 57% growth compared to the estimated 10%.
- π Profit surged by 87.2% to Rs. 996 crore.
- π Revenue in the generation segment increased by 65% to $3,677.7 million.
- π The company also received a significant contribution from its distribution business.
πΉ Market Performance πΉ
Torrent Power shares have shown strong performance in the market. The share price has surged by 99% in the last seven months, starting the year at Rs. 942. Over the past five days, the stock has gained 22.85%. In the last month alone, it has increased by 29%, and over the last six months, it has seen an 80% growth. In the past year, the share price has risen by an impressive 177%.
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