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Reliance Infra Gains 5%; BSE POWER Index Up 1.0%
Mon, 23 Sep 15:19

Reliance Infra Gains 5%; BSE POWER Index Up 1.0%Image source: asbe/www.istockphoto.com

Reliance Infra share price has zoomed 5% and is presently trading at Rs 332.7.

Meanwhile, the BSE POWER index is at 8,579.4 (up 1.0%).

Among the top gainers in the BSE POWER index today are INDIAN ENERGY EXCHANGE (up 3.2%) and BHEL (up 3.1%).

Thermax (down 2.7%) and TORRENT POWER (down 1.9%) are among the top losers today.

Over the last one year, Reliance Infra has moved up from Rs 174.0 to Rs 332.7, registering a gain of Rs 158.7 (up 91.2%).

On the other hand, the BSE POWER index has moved up from 4,680.8 to 8,579.4, registering a gain of 83.3% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were TORRENT POWER (up 159.6%), BHEL (up 122.0%) and ADANI GREEN ENERGY (up 100.8%).

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What About the Benchmark Indices?

The BSE Sensex is at 84,881.6 (up 0.4%).

The top gainers among the BSE Sensex today are M&M (up 3.3%) and SBI (up 2.5%). The most traded stocks in the BSE Sensex are Tata Steel and ICICI Bank.

In the meantime, NSE Nifty is at 25,938.8 (up 0.6%). M&M and Bajaj Auto are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,800.8 to 84,881.6, registering a gain of 18,080.8 points (up 27.1%).

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 -59.8.


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