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Reliance Infra Plunges 5%; BSE POWER Index Down 0.1%
Fri, 8 Nov 9:12

Reliance Infra Plunges 5%; BSE POWER Index Down 0.1%Image source: ThinkNeo/www.istockphoto.com

Reliance Infra share price has plunged 5% and is presently trading at Rs 274.6.

Meanwhile, the BSE POWER index is at 7,816.1 (down 0.1%).

Among the top losers in the BSE POWER index today are NHPC (down 3.0%) and NTPC (down 0.1%).

INDIAN ENERGY EXCHANGE (up 0.7%) and Tata Power (up 0.5%) are among the top gainers today.

Over the last one year, Reliance Infra has moved up from Rs 183.1 to Rs 274.6, registering a gain of Rs 91.5 (up 50.0%).

On the other hand, the BSE POWER index has moved up from 4,516.5 to 7,816.1, registering a gain of 73.1% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were TORRENT POWER (up 135.5%), Siemens (up 110.1%) and BHEL (up 88.8%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,677.7 (up 0.2%).

The top gainers among the BSE Sensex today are M&M (up 2.1%) and Indusind Bank (up 1.6%). The most traded stocks in the BSE Sensex are {sensextoptrade2}.

In the meantime, NSE Nifty is at 24,207.7 . Hindalco and Infosys are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,958.7 to 79,677.7, registering a gain of 14,719.0 points (up 22.7%).

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 -49.4.


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