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Reliance Infra Gains 5%; BSE POWER Index Down 1.1%
Wed, 23 Oct 14:35

Reliance Infra Gains 5%; BSE POWER Index Down 1.1%Image source: Chunumunu/www.istockphoto.com

Reliance Infra share price has zoomed 5% and is presently trading at Rs 267.0.

Meanwhile, the BSE POWER index is at 7,894.6 (down 1.1%).

Among the top gainers in the BSE POWER index today are INDIAN ENERGY EXCHANGE (up 2.2%) and ADANI GREEN ENERGY (up 1.4%).

ABB (down 3.7%) and Siemens (down 3.0%) are among the top losers today.

Over the last one year, Reliance Infra has moved up from Rs 169.7 to Rs 267.0, registering a gain of Rs 97.3 (up 57.4%).

On the other hand, the BSE POWER index has moved up from 4,351.9 to 7,894.6, registering a gain of 81.4% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were TORRENT POWER (up 172.3%), Siemens (up 105.7%) and ABB (up 100.4%).

Don't Miss: Key Information for Long-term Investors

What About the Benchmark Indices?

The BSE Sensex is at 80,195.5 .

The top losers among the BSE Sensex today are M&M (down 2.7%) and NTPC (down 2.2%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 24,455.7 (down 0.1%). M&M and NTPC are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,571.9 to 80,195.5, registering a gain of 15,623.6 points (up 24.2%).

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 -48.0.


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