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Reliance Infra Gains 6%; BSE POWER Index Down 0.5%
Tue, 17 Sep 10:56

Reliance Infra Gains 6%; BSE POWER Index Down 0.5%Image source: alexsl/www.istockphoto.com

Reliance Infra share price has zoomed 6% and is presently trading at Rs 229.2.

Meanwhile, the BSE POWER index is at 8,332.6 (down 0.5%).

Among the top gainers in the BSE POWER index today are TORRENT POWER (up 1.8%) and Thermax (up 1.4%).

ADANI POWER (down 1.6%) and KEC INTERNATIONAL (down 1.6%) are among the top losers today.

Over the last one year, Reliance Infra has moved up from Rs 174.7 to Rs 229.2, registering a gain of Rs 54.6 (up 31.2%).

On the other hand, the BSE POWER index has moved up from 4,607.5 to 8,332.6, registering a gain of 80.8% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were TORRENT POWER (up 149.7%), BHEL (up 106.3%) and ADANI GREEN ENERGY (up 94.8%).

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What About the Benchmark Indices?

The BSE Sensex is at 82,984.8 .

The top losers among the BSE Sensex today are Tata Motors (down 2.1%) and MUNDRA PORT & SEZ (down 1.1%). The most traded stocks in the BSE Sensex are Tata Motors and Tata Steel.

In the meantime, NSE Nifty is at 25,412.3 (up 0.1%). Hero Motocorp and Divis Laboratories are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,467.0 to 82,984.8, registering a gain of 15,517.8 points (up 23.0%).

Reliance Infra Financial Update...

Reliance Infra net profit grew 86.0% YoY to Rs -695 million for the quarter ended June 2024, compared to a loss of Rs 4,948 million a year ago. Net sales rose 28.7% to Rs 71,928 million during the period as against Rs 55,905 million in April-June 2023.

For the year ended March 2024, Reliance Infra reported 73.9% increase in net profit to Rs -6,456 million compared to net loss of Rs 24,730 million during FY23. Revenue of the company grew 6.4% to Rs 228,046 million during FY24.

The current Price to earnings ratio of Reliance Infra, based on rolling 12 month earnings, stands at -41.2.


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