RELIANCE POWER Surges by 5%; BSE POWER Index Up 1.3%

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RELIANCE POWER Surges by 5%; BSE POWER Index Up 1.3%
Mon, 18 Mar 09:50 AM

RELIANCE POWER share price has zoomed 5% and is presently trading at Rs 11.

Meanwhile, the BSE POWER Index is at 2,009 (up 1.3%).

Among the top Gainers in the BSE POWER Index today are RELIANCE POWER (up 5.2%) and SUZLON ENERGY (up 5.4%).

Over the last one year, RELIANCE POWER has moved down from Rs 40 to Rs 11, registering a loss of Rs 29 (down 71.7%).

On the other hand, the BSE POWER has moved down from 2,176 to 2,009, loss of 167 points (down 7.7%) during the last 12 months.

The top gainers among the BSE POWER Index stocks during this same period were ADANI POWER (up 80.3%), ADANI TRANSMISSION (up 24.9%) and TORRENT POWER LTD (up 2.4%).

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What About the Benchmark Indices?

The BSE Sensex is at 38,370 (up 0.8%).

The top gainers among the BSE Sensex stocks today are POWER GRID (up 2.4%), AXIS BANK (up 2.4%) and INDUSIND BANK (up 1.8%). Other gainers include RELIANCE IND. (up 1.7%) and HDFC BANK (up 1.5%). The most traded stocks in the BSE Sensex are ICICI BANK and YES BANK.

In the meantime, NSE Nifty is at 11,530 (up 0.8%). IOC (up 3.9%) and HPCL (up 2.4%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,686 to 38,370, registering a gain of 4,684 points (up 13.8%).

RELIANCE POWER Financial Update...

RELIANCE POWER net profit down at Rs 2 billion for the quarter ended December 2018, compared to a loss of Rs 3 billion a year ago. Net Sales declined 15.8% to Rs 21.0 billion during the period as against Rs 24.9 billion in October-December 2017.

For the year ended March 2018, RELIANCE POWER reported 6.3% decrease in net profit to Rs 10.3 billion compared to net profit of Rs 11.0 billion during FY17.

Revenue of the company grew 5.3% to Rs 98 billion during FY18.

The current Price to earnings ratio of RELIANCE POWER, based on rolling 12 month earnings, stands at 4.1x.

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