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RELIANCE INFRA Plunges by 5%; BSE POWER Index Down 0.8%

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RELIANCE INFRA Plunges by 5%; BSE POWER Index Down 0.8%
Tue, 7 May 03:26 PM

RELIANCE INFRA share price has plunged 5% and is presently trading at Rs 109.

Meanwhile, the BSE POWER Index is at 1,981 (down 0.8%).

Among the top losers in the BSE POWER Index today is RELIANCE INFRA (down 5.2%).

TORRENT POWER LTD (up 1.3%) and POWER GRID (up 0.7%) are among the top gainers today.

Over the last one year, RELIANCE INFRA has moved down from Rs 448 to Rs 109, registering a loss of Rs 339 (down 75.7%)..

The BSE POWER has moved down from 2,202 to 1,981, loss of 221 points (down 10.0%) during the last 12 months.

The top gainers among the BSE POWER Index stocks during this same period were ADANI POWER (up 64.6%), ADANI TRANSMISSION (up 27.1%) and ABB INDIA (up 14.8%).

What About the Benchmark Indices?

The BSE Sensex is at 38,836 (down 0.9%). The top gainers among the BSE Sensex stocks today are L&T (up 1.3%). The most traded stocks in the BSE Sensex are INFOSYS and ONGC.

In the meantime, NSE Nifty is at 11,657 (down 0.9%). HUL (up 1.7%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,208 to 38,836, registering a gain of 3,628 points (up 8.7%).

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 1.0x.

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