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Reliance Power Gains 5%; BSE POWER Index Down 0.2%
Wed, 21 Aug 13:48

Reliance Power Gains 5%; BSE POWER Index Down 0.2%Image source: Eoneren/www.istockphoto.com

Reliance Power share price has zoomed 5% and is presently trading at Rs 36.2.

Meanwhile, the BSE POWER index is at 8,329.1 (down 0.2%).

Among the top gainers in the BSE POWER index today are Thermax (up 2.7%) and NTPC (up 0.6%).

TORRENT POWER (down 4.2%) and ADANI ENERGY SOLUTIONS (down 1.7%) are among the top losers today.

Over the last one year, Reliance Power has moved up from Rs 16.4 to Rs 36.2, registering a gain of Rs 19.8 (up 121.0%).

On the other hand, the BSE POWER index has moved up from 4,355.4 to 8,329.1, registering a gain of 91.2% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were BHEL (up 194.0%), TORRENT POWER (up 170.8%) and ADANI POWER (up 114.0%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,728.6 (down 0.1%).

The top losers among the BSE Sensex today are Ultratech Cement (down 1.6%) and Tata Steel (down 1.1%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 24,724.2 (up 0.1%). Divis Laboratories and Titan are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,216.1 to 80,728.6, registering a gain of 15,512.5 points (up 23.8%).

Reliance Power Financial Update...

Reliance Power net profit grew 66.5% YoY to Rs -983 million for the quarter ended June 2024, compared to a loss of Rs 2,937 million a year ago. Net sales rose 4.1% to Rs 19,922 million during the period as against Rs 19,143 million in April-June 2023.

For the year ended March 2024, Reliance Power reported 553.9% decrease in net profit to Rs -22,422 million compared to net loss of Rs 3,429 million during FY23. Revenue of the company grew 5.0% to Rs 78,926 million during FY24.

The current Price to earnings ratio of Reliance Power, based on rolling 12 month earnings, stands at -7.1.


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