RELIANCE POWER Plunges by 10%; BSE POWER Index Down 1.0%

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RELIANCE POWER share price has plunged 10% and is presently trading at Rs 10.

Meanwhile, the BSE POWER Index is at 2,066 (down 1.0%).

Among the top losers in the BSE POWER Index today is RELIANCE POWER (down 10.2%).

ABB INDIA (up 1.0%) is among the top gainer today.

Over the last one year, RELIANCE POWER has moved down from Rs 40 to Rs 10, registering a loss of Rs 30 (down 75.9%)..

The BSE POWER has moved down from 2,215 to 2,066, loss of 149 points (down 6.7%) during the last 12 months.

The top gainers among the BSE POWER Index stocks during this same period were ADANI POWER (up 105.0%), ADANI TRANSMISSION (up 26.2%) and ABB INDIA (up 13.0%).

What About the Benchmark Indices?

The BSE Sensex is at 39,487 (down 0.3%). The top gainers among the BSE Sensex stocks today are TATA MOTORS DVR (up 1.9%). The most traded stocks in the BSE Sensex are WIPRO and TATA MOTORS.

In the meantime, NSE Nifty is at 11,856 (down 0.3%). RELIANCE IND. (up 2.3%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,305 to 39,487, registering a gain of 5,182 points (up 14.2%).

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 3.1x. p >

This article (RELIANCE POWER Plunges by 10%; BSE POWER Index Down 1.0%) 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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