RELIANCE POWER Plunges by 5%; BSE POWER Index Down 0.1%
February 4, 2019 09:22 AM

RELIANCE POWER share price has plunged 5% and is presently trading at Rs 25.

Meanwhile, the BSE POWER Index is at 1,885 (down 0.1%).

Among the top losers in the BSE POWER Index today are RELIANCE POWER (down 5.1%) and RELIANCE INFRA (down 6.0%).

JSW ENERGY (up 4.3%) and THERMAX LTD (up 1.3%) are among the top gainers today.

Over the last one year, RELIANCE POWER has moved down from Rs 44 to Rs 25, registering a loss of Rs 19 (down 43.4%)..

The BSE POWER has moved down from 2,321 to 1,885, loss of 436 points (down 18.8%) during the last 12 months.

The top gainers among the BSE POWER Index stocks during this same period were ADANI POWER (up 20.1%) and ADANI TRANSMISSION (up 3.9%).

What About the Benchmark Indices?

The BSE Sensex is at 36,456 . The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 0.8%). The most traded stocks in the BSE Sensex are ONGC and INDUSIND BANK.

In the meantime, NSE Nifty is at 10,879 (down 0.3%). ONGC (up 3.2%) and TITAN COMPANY (up 2.5%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,907 to 36,456, registering a gain of 549 points (up 1.5%).

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 9.1x.