Reliance Infra share price has plunged 7% and is presently trading at Rs 198.6.
Meanwhile, the BSE POWER index is at 8,097.1 (down 4.4%).
Among the top losers in the BSE POWER index today are KEC INTERNATIONAL (down 7.1%) and ADANI ENERGY SOLUTIONS (down 7.0%).
Over the last one year, Reliance Infra has moved up from Rs 183.8 to Rs 198.6, registering a gain of Rs 14.9 (up 8.1%).
On the other hand, the BSE POWER index has moved up from 4,365.8 to 8,097.1, registering a gain of 85.5% during the last 12 months.
The top gainers among the BSE POWER index stocks during this same period were BHEL (up 173.1%), TORRENT POWER (up 159.9%) and ADANI POWER (up 155.8%).
Must See: These Segments are Witnessing Incredible Growth with Modi's Push
The BSE Sensex is at 78,390.2 (down 3.2%).
The top losers among the BSE Sensex today are Tata Motors (down 6.8%) and Tata Steel (down 5.6%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.
In the meantime, NSE Nifty is at 24,006.5 (down 2.9%). Tata Motors and ONGC are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 66,459.3 to 78,390.2, registering a gain of 11,930.9 points (up 18.0%).
Reliance Infra net profit grew 99.8% YoY to Rs -54 million for the quarter ended March 2024, compared to a loss of Rs 25,642 million a year ago. Net sales rose 11.9% to Rs 46,860 million during the period as against Rs 41,863 million in January-March 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 -12.2.
Equitymaster requests your view! Post a comment on "Reliance Infra Plunges 7%; BSE POWER Index Down 4.4%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!