RELIANCE POWER Plunges by 5%; BSE POWER Index Down 0.8%
August 5, 2019 09:24 AM

RELIANCE POWER share price has plunged 5% and is presently trading at Rs 4.

Meanwhile, the BSE POWER Index is at 1,931 (down 0.8%).

Among the top losers in the BSE POWER Index today is RELIANCE POWER (down 5.3%).

JSW ENERGY (up 0.7%) and THERMAX are among the top gainers today.

Over the last one year, RELIANCE POWER has moved down from Rs 33 to Rs 4, registering a loss of Rs 29 (down 88.8%)..

The BSE POWER has moved down from 1,981 to 1,931, loss of 50 points (down 2.5%) during the last 12 months.

The top gainers among the BSE POWER Index stocks during this same period were ADANI POWER (up 100.7%), TORRENT POWER LTD (up 29.5%) and ADANI TRANSMISSION (up 22.8%).

What About the Benchmark Indices?

The BSE Sensex is at 36,844 (down 1.3%). The top gainers among the BSE Sensex stocks today are TCS (up 0.6%), BHARTI AIRTEL (up 0.1%) and HCL TECHNOLOGIES (up 0.1%). Other gainer include HDFC . The most traded stocks in the BSE Sensex are BHARTI AIRTEL and HDFC.

In the meantime, NSE Nifty is at 10,896 (down 1.2%). TCS (up 1.2%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 37,165 to 36,844, registering a gain of -321 points (up -1.4%).

RELIANCE POWER Financial Update...

RELIANCE POWER net profit down at Rs 36 billion for the quarter ended March 2019, compared to a loss of Rs 2 billion a year ago. Net Sales declined 24.5% to Rs 15.9 billion during the period as against Rs 21.0 billion in January-March 2018.

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 down 0.3x.