RELIANCE POWER Plunges by 5%; BSE POWER Index Down 1.1%

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RELIANCE POWER share price has plunged 5% and is presently trading at Rs 12.

Meanwhile, the BSE POWER Index is at 1,945 (down 1.1%).

Among the top losers in the BSE POWER Index today is RELIANCE POWER (down 5.2%).

SUZLON ENERGY (up 0.9%) and ABB INDIA (up 0.9%) are among the top gainers today.

Over the last one year, RELIANCE POWER has moved down from Rs 39 to Rs 12, registering a loss of Rs 28 (down 70.5%)..

The BSE POWER has moved down from 2,177 to 1,945, loss of 232 points (down 10.7%) during the last 12 months.

The top gainers among the BSE POWER Index stocks during this same period were ADANI POWER (up 91.6%), ADANI TRANSMISSION (up 14.7%) and TORRENT POWER LTD (up 0.4%).

What About the Benchmark Indices?

The BSE Sensex is at 37,908 (up 0.2%). The top gainers among the BSE Sensex stocks today are YES BANK (up 2.9%). The most traded stocks in the BSE Sensex are YES BANK and RELIANCE IND..

In the meantime, NSE Nifty is at 11,383 (up 0.2%). YES BANK (up 3.2%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,857 to 37,908, registering a gain of 4,051 points (up 11.8%).

RELIANCE POWER Financial Update…

RELIANCE POWER net profit down at Rs 2 billion for the quarter ended December 2018, compared to a loss of Rs 3 billion a year ago. Net Sales declined 15.8% to Rs 21.0 billion during the period as against Rs 24.9 billion in October-December 2017.

For the year ended March 2018, RELIANCE POWER reported 6.3% decrease in net profit to Rs 10.3 billion compared to net profit of Rs 11.0 billion during FY17.

Revenue of the company grew 5.3% to Rs 98 billion during FY18.

The current Price to earnings ratio of RELIANCE POWER, based on rolling 12 month earnings, stands at 4.0x. p >

This article (RELIANCE POWER Plunges by 5%; BSE POWER Index Down 1.1%) is authored by Equitymaster.

Equitymaster is a leading ‘independent’ equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

Source: equitymaster.com

Post Author: kwiknewz

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