Rattanindia Power jumps after turnaround Q4 outcome

Rattanindia Power surged 13.89% at Rs 11.15 at 14:54 IST on BSE after the company reported consolidated net profit of Rs 227.28 crore in Q4 March 2016 compared with net loss of Rs 223.60 crore in Q4 March 2015.

Total income surged 546.9% to Rs 1012.21 crore in Q4 March 2016 over Q4 March 2015. The result was announced after trading hours yesterday, 25 May 2016.

Meanwhile, the BSE Sensex was up 378.87 points, or 1.46%, to 26,260.04

On BSE, so far 32.36 lakh shares were traded in the counter, compared with an average volume of 4.10 lakh shares in the past one quarter. The stock hit a high of Rs 11.55 and a low of Rs 10.90 so far during the day. The stock hit a 52-week high of Rs 13.48 on 6 January 2016. The stock hit a 52-week low of Rs 5.95 on 29 September 2015. The stock had underperformed the market over the past one month till 25 May 2016, falling 1.01% compared with 0.79% rise in the Sensex. The scrip had also underperformed the market in past one quarter, gaining 4.48% as against Sensex's 12.64% rise.

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

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

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