RELIANCE INFRA Surges by 5%; BSE POWER Index Flat
May 17, 2019 09:30 AM

RELIANCE INFRA share price has zoomed 5% and is presently trading at Rs 112.

Meanwhile, the BSE POWER Index is at 1,863 .

Among the top Gainers in the BSE POWER Index today is RELIANCE INFRA (up 5.4%).

POWER GRID (down 0.1%) and NTPC (down 0.3%) are among the top losers today.

Over the last one year, RELIANCE INFRA has moved down from Rs 384 to Rs 112, registering a loss of Rs 272 (down 70.9%).

On the other hand, the BSE POWER has moved down from 2,139 to 1,863, loss of 276 points (down 12.9%) during the last 12 months.

The top gainers among the BSE POWER Index stocks during this same period were ADANI POWER (up 84.9%), ADANI TRANSMISSION (up 60.7%) and ABB INDIA (up 12.2%).

What About the Benchmark Indices?

The BSE Sensex is at 37,608 (up 0.6%).

The top gainers among the BSE Sensex stocks today are YES BANK (up 4.9%), BAJAJ FINANCE (up 2.4%) and COAL INDIA (up 1.8%). Other gainers include HERO MOTOCORP (up 1.3%) and INDUSIND BANK (up 1.2%). The most traded stocks in the BSE Sensex are YES BANK and SBI.

In the meantime, NSE Nifty is at 11,314 (up 0.5%). YES BANK (up 4.9%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,388 to 37,608, registering a gain of 2,220 points (up 6.3%).

RELIANCE INFRA Financial Update...

RELIANCE INFRA net profit down at Rs 2 billion for the quarter ended December 2018, compared to a loss of Rs 532 million a year ago. Net Sales declined 29.8% to Rs 41.2 billion during the period as against Rs 58.6 billion in October-December 2017.

For the year ended March 2018, RELIANCE INFRA reported 468.4% decrease in net profit to Rs 3.6 billion compared to net loss of Rs 966.0 million during FY17.

Revenue of the company grew 3.7% to Rs 254 billion during FY18.

The current Price to earnings ratio of RELIANCE INFRA, based on rolling 12 month earnings, stands at down 1.1x.