RURAL ELECTRIFICATION Plunges by 7%; BSE 500 Index Down 0.6%
July 9, 2019 09:24 AM

RURAL ELECTRIFICATION share price has plunged 7% and is presently trading at Rs 153.

Meanwhile, the BSE 500 Index is at 14,969 (down 0.6%).

Among the top losers in the BSE 500 Index today are RURAL ELECTRIFICATION (down 7.2%) and MAH. SCOOTERS (down 6.4%).

SYMPHONY (up 3.9%) and OIL INDIA (up 2.5%) are among the top gainers today.

Over the last one year, RURAL ELECTRIFICATION has moved up from Rs 103 to Rs 153, registering a gain of Rs 50 (up 48.3%)..

The BSE 500 has moved up from 14,720 to 14,969, registering a gain of 249 points (up 1.7%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI POWER (up 270.1%), VINATI ORGANICS (up 109.1%) and INFO EDGE (up 81.3%).

What About the Benchmark Indices?

The BSE Sensex is at 38,754 (down 0.6%). The top gainers among the BSE Sensex stocks today are YES BANK (up 1.2%). The most traded stocks in the BSE Sensex are YES BANK and ONGC.

In the meantime, NSE Nifty is at 11,534 (down 0.5%). IOC (up 3.4%) and YES BANK (up 1.7%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,935 to 38,754, registering a gain of 2,819 points (up 7.1%).

RURAL ELECTRIFICATION Financial Update...

RURAL ELECTRIFICATION net profit down at Rs 13 billion for the quarter ended December 2018, compared to a loss of Rs 13 billion a year ago. Net Sales rose 31.9% to Rs 72.5 billion during the period as against Rs 55.0 billion in October-December 2017.

For the year ended March 2018, RURAL ELECTRIFICATION reported 25.7% decrease in net profit to Rs 46.9 billion compared to net profit of Rs 63.1 billion during FY17.

Revenue of the company grew 4.7% to Rs 231 billion during FY18.

The current Price to earnings ratio of RURAL ELECTRIFICATION, based on rolling 12 month earnings, stands at 5.5x.