RELIANCE POWER Surges by 5%; BSE POWER Index Up 0.6%
December 28, 2018 11:22 AM

RELIANCE POWER share price has zoomed 5% and is presently trading at Rs 30.

Meanwhile, the BSE POWER Index is at 1,989 (up 0.6%).

Among the top Gainers in the BSE POWER Index today is RELIANCE POWER (up 5.1%).

NHPC LTD (down 0.2%) and SUZLON ENERGY (down 0.5%) are among the top losers today.

Over the last one year, RELIANCE POWER has moved down from Rs 45 to Rs 30, registering a loss of Rs 14 (down 32.8%).

On the other hand, the BSE POWER has moved down from 2,352 to 1,989, loss of 363 points (down 15.6%) during the last 12 months.

The top gainers among the BSE POWER Index stocks during this same period were ADANI POWER (up 26.6%).

What About the Benchmark Indices?

The BSE Sensex is at 36,171 (up 0.9%).

The top gainers among the BSE Sensex stocks today are SUN PHARMA (up 2.9%), YES BANK (up 2.3%) and TATA MOTORS (up 1.9%). Other gainers include HDFC (up 1.8%) and VEDANTA LTD (up 1.7%). The most traded stocks in the BSE Sensex are YES BANK and SUN PHARMA.

In the meantime, NSE Nifty is at 10,888 (up 0.9%). SUN PHARMA (up 3.2%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,912 to 36,171, registering a gain of 2,259 points (up 6.6%).

RELIANCE POWER Financial Update...

RELIANCE POWER net profit down at Rs 3 billion for the quarter ended September 2018, compared to a loss of Rs 3 billion a year ago. Net Sales declined 8.5% to Rs 22.8 billion during the period as against Rs 24.9 billion in July-September 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 9.7x.