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Reliance Infra Plunges 7%; BSE POWER Index Down 0.6%
Fri, 4 Oct 10:14

Reliance Infra Plunges 7%; BSE POWER Index Down 0.6%Image source: peterschreiber.media/www.istockphoto.com

Reliance Infra share price has plunged 7% and is presently trading at Rs 304.1.

Meanwhile, the BSE POWER index is at 8,396.0 (down 0.6%).

Among the top losers in the BSE POWER index today are ADANI ENERGY SOLUTIONS (down 2.3%) and NTPC (down 1.1%).

INDIAN ENERGY EXCHANGE (up 0.6%) and ADANI GREEN ENERGY (up 0.5%) are among the top gainers today.

Over the last one year, Reliance Infra has moved up from Rs 173.9 to Rs 304.1, registering a gain of Rs 130.2 (up 74.8%).

On the other hand, the BSE POWER index has moved up from 4,621.4 to 8,396.0, registering a gain of 81.7% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were TORRENT POWER (up 146.9%), BHEL (up 105.9%) and Siemens (up 105.9%).

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What About the Benchmark Indices?

The BSE Sensex is at 82,480.4 .

The top losers among the BSE Sensex today are Bajaj Finance (down 1.3%) and NTPC (down 1.1%). The most traded stocks in the BSE Sensex are Axis Bank and Tata Steel.

In the meantime, NSE Nifty is at 25,237.1 (down 0.1%). BPCL and IOC are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,512.1 to 82,480.4, registering a gain of 16,968.3 points (up 25.9%).

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 -54.7.


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