Reliance Power shares jump 16% to hit fresh 52-week high amid high volume
Reliance Power Q4 earnings
Live Events
Reliance Power shares technical indicators
(You can now subscribe to our
(You can now subscribe to our ETMarkets WhatsApp channel
Shares of Reliance Power jumped nearly 16% to a fresh 52-week high of Rs 60.5 on Friday, driven by strong trading volumes on the NSE. Around 41.81 lakh shares worth Rs 2,393.4 crore changed hands during the session.At 2.11 p.m., the stock was trading 13.8% higher at Rs 59.4. Reliance Power also delivered multibagger returns to its investors, as the stock has rallied nearly 139% in the past 12 months. It has also jumped over 356% in the last two years and gained 2,900% in the past five years. Reliance Power has a market cap of Rs 23,728 crore.According to the latest shareholding pattern, as of 7 May 2025, 24.98% of the company's shareholding is with the promoters, 12.87% with FIIs, 0.37% with Mutual Funds, and 16.1% with the Institutions.For the January–March quarter of FY25, Reliance Power posted a consolidated net profit of Rs 126 crore, reversing a loss of Rs 397.56 crore in the same period last year. The turnaround was mainly driven by a sharp drop in expenses.Quarterly income declined to Rs 2,066 crore from Rs 2,193.85 crore a year ago, but expenses fell sharply to Rs 1,998.49 crore from Rs 2,615.15 crore.For the full fiscal year, the company reported a consolidated net profit of Rs 2,947.83 crore, compared to a loss of Rs 2,068.38 crore in FY24.Reliance Power completed debt servicing of Rs 5,338 crore over the past 12 months, including maturity repayments. This helped reduce its debt-to-equity ratio to 0.88:1 in FY25 from 1.61:1 in FY24.The stock's Relative Strength Index (RSI) stands at 69.5, just below the overbought threshold of 70. The MACD is at 2.0 and remains above both the centre and signal line, indicating bullish momentum. Reliance Power shares are currently trading above their 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day simple moving averages (SMAs).(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
42 minutes ago
- Time of India
UoM pensioners face delay in payments due to lack of funds
Mysuru: If the state govt doesn't release funds immediately, the University of Mysore (UoM) pensioners, numbering over 1,900, will not receive their pension on time. According to sources, the varsity is waiting for govt funds to pay the pension this month. Meanwhile, pensioners are demanding financial discipline in the UoM to save the institute from bankruptcy. Every month, the university requires Rs.8.5 crore to pay the pension for its retired staff. For the last few months, the UoM has been totally dependent on govt support to pay pensions. According to the pensioners, the pension amount was generally credited to their bank accounts on the last date of every month. "But in recent months, it was delayed to the second or third day of the next month. This month, it is expected to be delayed again as the govt is yet to release funds," explained a pensioner who wished to remain unnamed. "With no funds, the university is totally dependent on the govt for the money to release pensions. So, it is getting delayed," a pensioner explained. "With the trifurcation of the university, the university's revenue is declining. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo The need of the hour is an action plan to support the university," he said. Lokanath NK, VC, UoM, informed that the university is waiting for govt funds to pay the pension. "The govt assured us of releasing money in this regard. Once we receive funds, pensions will be paid," he explained. Pensioners Association president K Mahadev stated that the situation is worrying. "The pension fund became empty due to the excess recruitment of temporary non-teaching staff," he alleged. "The university authorities recruited hundreds of excess non-teaching staff. Politicians, irrespective of party affiliation, secured jobs for their candidates in the university. There is no space for these staff to sit in the departments. These excess recruitments resulted in the financial crisis," he alleged.
Time of India
an hour ago
- Time of India
In Kolhapur, INDIA bloc likely to face local body elections together says Cong MLC Satej Patil
Kolhapur: Congress MLC Satej Patil has confirmed that the INDIA bloc parties will contest the upcoming local body elections in Kolhapur as a unified force. The elections for local bodies in Kolhapur district are slated for Sept-Oct. The alliance partners — comprising Congress, Shiv Sena (UBT), NCP (SP) and left parties — have started their preparations at the booth level. Following a preliminary meeting with INDIA representatives in Kolhapur on Friday evening, Satej Patil indicated a 90-95% likelihood of contesting jointly. He noted that Congress state president Harshvardhan Sapkal recently consulted with NCP (SP) chief Sharad Pawar and Shiv Sena (UBT) chief Uddhav Thackeray regarding Congress's stance in the forthcoming local body elections. He observed the state administration has lost its financial direction, and women previously addressed as "ladki" have seen reduced benefits. "The elections for Kolhapur and Ichalkaranji municipal corporations, ZP, and town councils will be held after the rains. This time, the picture will be different from the assembly elections. Ladki Bahin saved Mahayuti from defeat; however, for govt, the sisters are no longer considered 'ladki'. Funds need to be arranged to save the scheme by curtailing funds from other departments. State govt is planning to hand out loans to the Ladki Bahin beneficiaries so that govt can refrain from paying the monthly dole. Instead, the banks will receive the amount once a year," said Patil. The Congress MLC said state govt's total debt burden has reached Rs 9.5 lakh crore, approaching Rs 10 lakh crore. "The three parties in govt have failed to plan the finances of the state. The Mahayuti MLAs are still ignorant of the problems faced by the people. We raised our voice, and only after that did state govt start assessing the damages caused by the recent floods and heavy rain. With all these issues, we are going to face the elections, and we are hopeful of winning in all local bodies," added Patil.
News18
an hour ago
- News18
Commercial LPG Cylinder Prices Cut By Rs 24, New Rates Effective June 1
Last Updated: As per the new prices set by the oil marketing company, the 19-kg commercial LPG gas cylinder will now cost Rs 1723.50 from June 1 in Delhi. The price of 19-kg commercial LPG cylinders has been reduced by Rs 24. The revised cost will come into effect starting from June 1. As per the new prices set by the oil marketing company, the 19-kg commercial LPG gas cylinder will now cost Rs 1723.50 from June 1 in Delhi. Earlier in April too, the prices of 19-kg LPG cylinders were reduced by Rs 41. Watch India Pakistan Breaking News on CNN News18. Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! First Published:
