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Reliance Power corrects on profit booking

Capital Market 

Power fell 3.10% to Rs 59.40 at 11:00 on on profit booking after a recent rally.

Meanwhile, the Sensex was up 70.42 points, or 0.20% to 34,423.21.

On the BSE, 24.50 lakh shares were traded in the counter so far, compared with average daily volumes of 88.37 lakh shares in the past two weeks. The stock had hit a high of Rs 62 and a low of Rs 59 so far during the day. The stock hit a 52-week high of Rs 65.20 on 2 January 2018. The stock hit a 52-week low of Rs 34.65 on 15 November 2017.

Shares of Power rose 7.73% in three trading sessions to settle at Rs 61.30 yesterday, 8 January 2018, from its close of Rs 56.90 on 3 January 2018.

On a consolidated basis, Power's net profit rose 0.4% to Rs 273.15 crore on 7.7% decline in net sales to Rs 2282.17 crore in Q2 September 2017 over Q2 September 2016.

is India's leading private sector power generation and coal resources company.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, January 09 2018. 10:52 IST