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Reliance Power Stock Soars by 4.97% in Trading Session

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5 months ago

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Reliance Power‘s stock price jumped by 4.97% in today’s trading session, closing at ₹25.76. The market saw a positive trend, with peer companies like KPI Green Energy, Rattanindia Enterprises, Rattan India Power, and Nava also witnessing gains. Both the benchmark indices Nifty and Sensex experienced a significant increase of 3.25% and 3.39%, respectively.

The stock opened at ₹25.5 and hit a high of ₹25.76 during the day, with a low of ₹25.21. The market capitalization of Reliance Power stood at ₹10211.14 crore, with the BSE volume recording 2419555 shares traded on the day.

Reliance Power, featuring a 2.67% mutual fund holding and a 7.89% FII holding, has displayed a slight decrease in FII holding from the December quarter to the March quarter. The company’s EPS dropped by -99999.99% over the past three years, while revenue saw a decline of -0.17%.

In the last twelve months, Reliance Power generated revenues totaling ₹79173.20 crore, indicating a 0.31% increase from the previous fiscal year. Analysts predict a growth rate of �% in revenue and �% in profits for the upcoming quarter, reflecting continuous market attention on the company.

Rachel Adams

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