RELIANCE POWER Surges by 5%; BSE POWER Index Down 0.7%
May 9, 2019 11:20 AM

RELIANCE POWER share price has zoomed 5% and is presently trading at Rs 6.

Meanwhile, the BSE POWER Index is at 1,925 (down 0.7%).

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

SIEMENS (down 0.4%) and TORRENT POWER LTD (down 0.7%) are among the top losers today.

Over the last one year, RELIANCE POWER has moved down from Rs 39 to Rs 6, registering a loss of Rs 32 (down 84.1%).

On the other hand, the BSE POWER has moved down from 2,206 to 1,925, loss of 281 points (down 13.5%) during the last 12 months.

The top gainers among the BSE POWER Index stocks during this same period were ADANI POWER (up 68.6%), ADANI TRANSMISSION (up 25.6%) and ABB INDIA (up 9.8%).

What About the Benchmark Indices?

The BSE Sensex is at 37,780 (down 0.1%).

The top gainers among the BSE Sensex stocks today are YES BANK (up 5.7%), HERO MOTOCORP (up 1.8%) and BAJAJ FINANCE (up 1.7%). Other gainers include INFOSYS (up 1.3%) and TCS (up 0.9%). The most traded stocks in the BSE Sensex are YES BANK and ICICI BANK.

In the meantime, NSE Nifty is at 11,358 (down 0.2%). ZEE ENTERTAINMENT (up 5.5%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,216 to 37,780, registering a gain of 2,564 points (up 7.2%).

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 2.2x.