RELIANCE POWER Surges by 6%; BSE POWER Index Down 0.0%
February 8, 2019 09:24 AM

RELIANCE POWER share price has zoomed 6% and is presently trading at Rs 11.

Meanwhile, the BSE POWER Index is at 1,817 .

Among the top Gainers in the BSE POWER Index today is RELIANCE POWER (up 6.0%).

NHPC LTD (down 0.2%) and ABB INDIA LTD. (down 0.3%) are among the top losers today.

Over the last one year, RELIANCE POWER has moved down from Rs 41 to Rs 11, registering a loss of Rs 30 (down 74.2%).

On the other hand, the BSE POWER has moved down from 2,217 to 1,817, loss of 400 points (down 18.1%) during the last 12 months.

The top gainers among the BSE POWER Index stocks during this same period were ADANI POWER (up 13.0%) and ADANI TRANSMISSION (up 11.6%).

What About the Benchmark Indices?

The BSE Sensex is at 36,886 (down 0.4%).

The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 0.7%), HERO MOTOCORP (up 0.4%) and POWER GRID (up 0.4%). Other gainers include HCL TECH. (up 0.4%) and TCS (up 0.2%). The most traded stocks in the BSE Sensex are ITC LTD and COAL INDIA.

In the meantime, NSE Nifty is at 11,036 (down 0.3%). TITAN COMPANY (up 1.4%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,083 to 36,886, registering a gain of 2,803 points (up 8.0%).

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 3.8x.