RattanIndia Power share price jumps another 11%, rallies 35% in June. What's powering the rally?
The company has witnessed a steady rise in demand for its shares on the Indian stock market in recent months, with June alone delivering a return of 35%, its biggest monthly gain since May 2024. It has ended the last four months in the green, including the ongoing month, with a total gain of 72%.
The sharp rise in value has also drawn attention from the exchanges, which sought clarification on the sudden surge. In response, the company stated that no material information or announcement requiring disclosure under applicable regulations had been made, nor had any such information been withheld, as per its June 10 filing.
After hitting a 13-year high of ₹ 21 in June 2024, the stock came under sustained selling pressure over the following months, losing nearly 60% of its value by February 2025. However, it managed to break its prolonged losing streak in March 2025 with a 10% gain, and the momentum continued over the next three months.
Despite the strong comeback after a long period of weakness, the stock still trades well below its all-time high of ₹ 45, which it had touched in October 2009, its listing year. Looking at its annual performance since then, the stock remained volatile, ending seven out of the next 11 years in the red.
The tide, however, turned in its favor in 2023, when the stock closed the year with a gain of 126%. This was followed by another 52% gain in calendar year 2024. In the current year so far, it has added another 13%.
RattanIndia Power is one of the leading private power generation companies, with an installed capacity of 2,700 MW of thermal power plants at Amravati and Nashik. For the March-ending quarter, the company reported a net profit of ₹ 126 crore on ₹ 936 crore of revenues.
For the full FY25, the company reported a net profit of ₹ 222 crore on ₹ 3824 crore in revenues.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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