RELIANCE POWER Plunges by 5%; BSE POWER Index Down 1.4%
September 25, 2018 02:18 PM

RELIANCE POWER share price has plunged 5% and is presently trading at Rs 28.

Meanwhile, the BSE POWER Index is at 1,997 (down 1.4%).

Among the top losers in the BSE POWER Index today are RELIANCE POWER (down 5.4%) and RELIANCE INFRA (down 7.3%).

SIEMENS (up 1.2%) and BHEL (up 0.8%) are among the top gainers today.

Over the last one year, RELIANCE POWER has moved down from Rs 42 to Rs 28, registering a loss of Rs 14 (down 33.6%)..

The BSE POWER has moved down from 2,229 to 1,997, loss of 232 points (down 10.4%) during the last 12 months.

The top gainers among the BSE POWER Index stocks during this same period were ADANI TRANSMISSION (up 33.6%), TORRENT POWER LTD (up 2.3%) and NTPC (up 0.7%).

What About the Benchmark Indices?

The BSE Sensex is at 36,586 (down 0.2%). The top gainers among the BSE Sensex stocks today are INFOSYS LTD (up 2.3%), SUN PHARMA (up 2.0%) and HIND. UNILEVER (up 1.7%). Other gainers include ASIAN PAINTS (up 1.6%) and MARUTI SUZUKI (up 1.4%). The most traded stocks in the BSE Sensex are AXIS BANK and ITC LTD.

In the meantime, NSE Nifty is at 11,049 (up 0.3%). CIPLA (up 2.5%) and INFOSYS LTD (up 2.5%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 31,627 to 36,586, registering a gain of 4,959 points (up 14.6%).

RELIANCE POWER Financial Update...

RELIANCE POWER net profit down at Rs 2 billion for the quarter ended June 2018, compared to a loss of Rs 3 billion a year ago. Net Sales declined 8.4% to Rs 22.8 billion during the period as against Rs 24.9 billion in April-June 2017.

For the year ended March 2017, RELIANCE POWER reported 23.3% increase in net profit to Rs 11.0 billion compared to net profit of Rs 9.0 billion during FY16.

Revenue of the company grew 0.9% to Rs 104 billion during FY17.

The current Price to earnings ratio of RELIANCE POWER, based on rolling 12 month earnings, stands at 8.3x.