Reliance Power share price has zoomed 6% and is presently trading at Rs 45.3.
Meanwhile, the BSE POWER index is at 6,885.3 (down 0.1%).
Among the top gainers in the BSE POWER index today are Thermax (up 4.9%) and ADANI ENERGY SOLUTIONS (up 0.6%).
ABB (down 0.6%) and Power Grid Corp. (down 0.5%) are among the top losers today.
Over the last one year, Reliance Power has moved up from Rs 28.1 to Rs 45.3, registering a gain of Rs 17.1 (up 60.9%).
On the other hand, the BSE POWER index has moved down from 6,929.6 to 6,885.3, registering a loss of 0.6% during the last 12 months.
The top losers among the BSE POWER index stocks during this same period were Siemens (down 49.9%), ADANI GREEN ENERGY (down 46.7%) and Thermax (down 21.3%).
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What About the Benchmark Indices?
The BSE Sensex is at 79,902.3 (down 0.3%).
The top losers among the BSE Sensex today are Zomato (down 1.5%) and Bharti airtel (down 1.2%). The most traded stocks in the BSE Sensex are Tata Motors and Zomato.
In the meantime, NSE Nifty is at 24,319.3 . Tata Consumer Products and Zomato are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 73,648.6 to 79,902.3, registering a gain of 6,253.7 points (up 8.5%).
Reliance Power Financial Update…
Reliance Power net profit grew 103.3% YoY to Rs 420 million for the quarter ended December 2024compared to a loss of Rs 12,570 million a year ago. Net sales declined 4.7% to Rs 18,528 million during the period as against Rs 19,438 million in October-December 2023.
For the year ended March 2024Reliance Power reported 553.9% decrease in net profit to Rs -22,422 million compared to net loss of Rs 3,429 million during FY23. Revenue of the company grew 5.0% to Rs 78,926 million during FY24.
The current Price to earnings ratio of Reliance Power, based on rolling 12 month earnings, stands at 7.6.
Indian Share Market Update: Top Gainers and Losers