Previous Close | 1,555.20 |
Open | 1,560.50 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's Range | 1,522.25 - 1,566.85 |
52 Week Range | 854.15 - 2,037.00 |
Volume | |
Avg. Volume | 894,965 |
Market Cap | 736.666B |
Beta (5Y Monthly) | 0.43 |
PE Ratio (TTM) | 32.85 |
EPS (TTM) | 46.66 |
Earnings Date | Feb 06, 2025 - Feb 10, 2025 |
Forward Dividend & Yield | 16.00 (1.03%) |
Ex-Dividend Date | Jun 14, 2024 |
1y Target Est | 1,487.10 |
Despite a dip in profits, Torrent Power Ltd (BOM:532779) focuses on renewable growth and strategic projects to bolster future performance.
India relies on coal to generate about three-quarters of its electricity, and power generated from coal is typically much cheaper than that generated by gas-fired plants. However, fears of power shortages while Prime Minister Narendra Modi stands for election this year have pushed the world's fifth-largest economy to turn to gas-fired power. India's daily electricity demand is predicted to rise to a record 256.5 gigawatts (GW) in September 2024, up from the previous record of 243 GW in September last year, according to the Central Electricity Authority.