RattanIndia Power drops after reverse turnaround in Q4

RattanIndia Power was down 4.81% to Rs 7.92 at 11:43 IST on BSE after the company reported net loss of Rs 215.25 crore in Q4 March 2017, compared with net profit of Rs 223.13 crore in Q4 March 2016.

The result was announced after market hours yesterday, 22 May 2017.

Meanwhile, the S&P BSE Sensex was down 160.46 points or 0.52% at 30,410.51. The S&P BSE Small-Cap index was down 321.02 points or 2.13% at 14,733.12.

On the BSE, 5.99 lakh shares were traded on the counter so far as against the average daily volumes of 7.65 lakh shares in the past one quarter. The stock had hit a high of Rs 8.23 and a low of Rs 7.51 so far during the day.

The stock had hit a 52-week high of Rs 12.29 on 7 July 2016 and a 52-week low of Rs 6.32 on 27 December 2016. It had underperformed the market over the past one month till 22 May 2017, sliding 8.97% compared with the Sensex's 4.11% rise. The scrip had, however, outperformed the market over the past one quarter, advancing 17.18% as against the Sensex's 5.91% rise.

The small-cap company has equity capital of Rs 2952.93 crore. Face value per share is Rs 10.

RattanIndia Power's total income from operations declined 85.41% to Rs 132.21 crore in Q4 March 2017 over Q4 March 2016.

RattanIndia Power (formerly Indiabulls Power) focuses on developing, constructing, and operating power projects in India.

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