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Reliance Power gains after Q4 results

Capital Market 

Power rose 1.06% to Rs 47.85 at 9:57 on after consolidated net profit rose 250.77% to Rs 215.90 crore on 0.10% decline in net sales to Rs 2466.49 crore in Q4 March 2017 over Q4 March 2016.

The result was announced on Friday, 14 April 2017. The stock market was shut on Friday, 14 April 2017, on account of public holiday.

Meanwhile, the S&P Sensex was down 39.44 points, or 0.13% to 29,422.01.

On the BSE, 5.35 lakh shares were traded in the counter so far, compared with average daily volumes of 64.56 lakh shares in the past one quarter. The stock had hit a high of Rs 48.60 and a low of Rs 47.20 so far during the day.

The stock hit a 52-week high of Rs 56.45 on 26 July 2016. The stock hit a 52-week low of Rs 38.20 on 24 November 2016.

The stock had outperformed the market over the past one month till 13 April 2017, rising 0.96% compared with 0.22% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, rising 5.81% as against Sensex's 8.16% rise.

The large-cap company has equity capital of Rs 2805.13 crore. Face value per share is Rs 10.

The company's consolidated net profit rose 23.31% to Rs 1104.16 crore on 0.94% rise in net sales to Rs 10395.65 crore in the year ended March 2017 over the year ended March 2016.

Power on its own and through its subsidiaries has a large portfolio of power generation capacity, both in operation as well as capacity under development.

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

First Published: Mon, April 17 2017. 09:59 IST