Latest news with #RattanIndiaPower
Time of India
2 days ago
- Business
- Time of India
RattanIndia Power shares skyrocket 35% in 2 days, firm issues clarification on sudden volume spike
Shares of RattanIndia Power surged as much as 12.9% on Wednesday, taking their two-day rally to 35%, amid a spike in trading volumes and strong bullish signals on technical charts. The stock touched an intraday high of Rs 16.13 on the NSE, with 20.5 crore shares changing hands. In response to a query from the National Stock Exchange over the sharp rise in price and volumes, the company issued a formal clarification late Tuesday. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Bank Owned Properties For Sale In Thon Binh Dan (Prices May Surprise You) Foreclosed Homes | Search ads Search Now "We wish to clarify that the Company is not aware of any reason for the recent significant increase in the trading volume of its shares. The movement in price and volume is purely market driven," the company said in a statement. "There has been no material information or announcement that is required to be disclosed to the Stock Exchanges under applicable regulations, nor has any such information, been withheld," it added. The company emphasized its compliance with all SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, stating that it 'adheres diligently to all disclosure requirements stipulated under its listing agreement with the Stock Exchanges.' Live Events Board-level change earlier this week The clarification follows a separate disclosure made over the weekend regarding a board-level change. On Saturday, the company informed the stock exchanges that Baliram Ratna, Whole-time Director, had resigned with effect from June 6, 2025, citing personal reasons. Mixed fundamentals, bullish technical Despite the rally, the fundamentals present a mixed picture. In the March quarter (Q4FY25), the company's consolidated net profit plummeted 99% year-on-year to Rs 126 crore from Rs 10,666 crore a year earlier. However, consolidated revenue rose 3% to Rs 1,029 crore from Rs 996 crore in the corresponding quarter. Technically, the stock appears to be in overbought territory. It is trading above all eight key simple moving averages (SMA), including the 5-day to 200-day SMAs, suggesting strong bullish momentum. The Relative Strength Index (RSI) is at 82.5, indicating that the stock is "strongly overbought" and may be due for a pullback. The Moving Average Convergence Divergence (MACD) is also positive at 0.5 and remains above both the center and signal lines, reinforcing bullish signals. Stock performance Despite the recent gains, the smallcap stock is down 7% over the past year. However, it has jumped 61% in the past month and 42.3% in the past week, highlighting the intensity of the latest rally. RattanIndia Power operates thermal power plants with an installed capacity of 2,700 MW at Amravati and Nashik in Maharashtra. The company says it has investments worth Rs 18,615 crore, with its facilities spanning 2,400 acres. Also read | From bankruptcy to bull run: Can Reliance Infra & Reliance Power fuel Anil Ambani's comeback saga? ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
2 days ago
- Business
- Economic Times
RattanIndia Power shares skyrocket 35% in 2 days, firm issues clarification on sudden volume spike
Shares of RattanIndia Power surged as much as 12.9% on Wednesday, taking their two-day rally to 35%, amid a spike in trading volumes and strong bullish signals on technical charts. The stock touched an intraday high of Rs 16.13 on the NSE, with 20.5 crore shares changing hands. ADVERTISEMENT In response to a query from the National Stock Exchange over the sharp rise in price and volumes, the company issued a formal clarification late Tuesday. "We wish to clarify that the Company is not aware of any reason for the recent significant increase in the trading volume of its shares. The movement in price and volume is purely market driven," the company said in a statement. "There has been no material information or announcement that is required to be disclosed to the Stock Exchanges under applicable regulations, nor has any such information, been withheld," it company emphasized its compliance with all SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, stating that it 'adheres diligently to all disclosure requirements stipulated under its listing agreement with the Stock Exchanges.' ADVERTISEMENT The clarification follows a separate disclosure made over the weekend regarding a board-level change. On Saturday, the company informed the stock exchanges that Baliram Ratna, Whole-time Director, had resigned with effect from June 6, 2025, citing personal the rally, the fundamentals present a mixed picture. In the March quarter (Q4FY25), the company's consolidated net profit plummeted 99% year-on-year to Rs 126 crore from Rs 10,666 crore a year earlier. However, consolidated revenue rose 3% to Rs 1,029 crore from Rs 996 crore in the corresponding quarter. ADVERTISEMENT Technically, the stock appears to be in overbought territory. It is trading above all eight key simple moving averages (SMA), including the 5-day to 200-day SMAs, suggesting strong bullish Relative Strength Index (RSI) is at 82.5, indicating that the stock is "strongly overbought" and may be due for a pullback. The Moving Average Convergence Divergence (MACD) is also positive at 0.5 and remains above both the center and signal lines, reinforcing bullish signals. ADVERTISEMENT Despite the recent gains, the smallcap stock is down 7% over the past year. However, it has jumped 61% in the past month and 42.3% in the past week, highlighting the intensity of the latest Power operates thermal power plants with an installed capacity of 2,700 MW at Amravati and Nashik in Maharashtra. The company says it has investments worth Rs 18,615 crore, with its facilities spanning 2,400 acres. ADVERTISEMENT Also read | From bankruptcy to bull run: Can Reliance Infra & Reliance Power fuel Anil Ambani's comeback saga? (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Economic Times
3 days ago
- Business
- Economic Times
RattanIndia Power shares jump 18% amid significant volumes. BSE seeks clarification for sudden spike
RattanIndia Power claims to be one of India's largest private power generation companies, with an installed capacity of 2,700 MW of thermal power plants. Synopsis The rally in RattanIndia Power stock comes despite the absence of any known trigger, prompting the BSE to seek a formal clarification from the company. The stock has been gaining for four straight sessions, with a cumulative 26% rise even as its long-term performance remains muted. Shares of RattanIndia Power jumped 18% on Tuesday, hitting the day's high of Rs 14.04 on the NSE amid significant volumes as 19.47 crore shares changed hands. ADVERTISEMENT The immediate reason for the spike was not known, and BSE has sought clarification from the company concerning the movement in volume. The stock has been on a winning streak, remaining unbeaten for the past four trading sessions and extending gains to 26% during this period. On Saturday, the company had informed about the company's Whole-time Director Baliram Ratna's resignation with effect from June 06, 2025, due to personal Power claims to be one of India's largest private power generation companies, with an installed capacity of 2,700 MW of thermal power plants at Amravati and Nashik (1,350 MW at each location) in Maharashtra. It has investments worth Rs 18,615 crores, and the power plants are spread over an area of 2,400 smallcap stock has been a market laggard and has traded flat this year, while on a one-year basis, its price has eroded by 20%. ADVERTISEMENT The stock is currently trading above its 50-day and 200-day simple moving averages (SMAs) of 10.5 and 12.5, respectively, according to Trendlyne RattanIndia Power stock has been quite volatile and has traded with a 1-year beta of 1.3. ADVERTISEMENT Also Read: Ashish Kacholia's portfolio conundrum: When earnings pop but stock prices sink up to 37% in CY25The company's Q4FY25 earnings witnessed a significant drop, with the consolidated net profit reported at Rs 126 crore versus Rs 10,666 crore in the year-ago period. It was a 99% year-on-year plunge. The company's consolidated revenue was up over 3% at Rs 1,029 crore versus Rs 996 crore in the corresponding quarter of the last financial year. ADVERTISEMENT (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel) Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY
Time of India
3 days ago
- Business
- Time of India
RattanIndia Power shares jump 18% amid significant volumes. BSE seeks clarification for sudden spike
Shares of RattanIndia Power jumped 18% on Tuesday, hitting the day's high of Rs 14.04 on the NSE amid significant volumes as 19.47 crore shares changed hands. The immediate reason for the spike was not known, and BSE has sought clarification from the company concerning the movement in volume. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Dog licks arent kisses. Heres what your dog really means when it licks you. Cleverst Undo The stock has been on a winning streak, remaining unbeaten for the past four trading sessions and extending gains to 26% during this period. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. On Saturday, the company had informed about the company's Whole-time Director Baliram Ratna's resignation with effect from June 06, 2025, due to personal reasons. RattanIndia Power claims to be one of India's largest private power generation companies, with an installed capacity of 2,700 MW of thermal power plants at Amravati and Nashik (1,350 MW at each location) in Maharashtra. It has investments worth Rs 18,615 crores, and the power plants are spread over an area of 2,400 acres. Live Events The smallcap stock has been a market laggard and has traded flat this year, while on a one-year basis, its price has eroded by 20%. The stock is currently trading above its 50-day and 200-day simple moving averages (SMAs) of 10.5 and 12.5, respectively, according to Trendlyne data. The RattanIndia Power stock has been quite volatile and has traded with a 1-year beta of 1.3. Also Read: Ashish Kacholia's portfolio conundrum: When earnings pop but stock prices sink up to 37% in CY25 The company's Q4FY25 earnings witnessed a significant drop, with the consolidated net profit reported at Rs 126 crore versus Rs 10,666 crore in the year-ago period. It was a 99% year-on-year plunge. The company's consolidated revenue was up over 3% at Rs 1,029 crore versus Rs 996 crore in the corresponding quarter of the last financial year.
Business Standard
07-05-2025
- Business
- Business Standard
RattanIndia Power consolidated net profit declines 98.82% in the March 2025 quarter
Sales rise 2.44% to Rs 936.25 crore Net profit of RattanIndia Power declined 98.82% to Rs 125.94 crore in the quarter ended March 2025 as against Rs 10665.75 crore during the previous quarter ended March 2024. Sales rose 2.44% to Rs 936.25 crore in the quarter ended March 2025 as against Rs 913.96 crore during the previous quarter ended March 2024. For the full year,net profit declined 97.51% to Rs 221.92 crore in the year ended March 2025 as against Rs 8896.75 crore during the previous year ended March 2024. Sales declined 2.38% to Rs 3283.83 crore in the year ended March 2025 as against Rs 3364.00 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 936.25913.96 2 3283.833364.00 -2 OPM % 22.6322.54 - 17.8019.20 - PBDT 185.8248.53 283 462.65-1376.76 LP PBT 125.94-20.04 LP 221.92-1758.70 LP NP 125.9410665.75 -99 221.928896.75 -98
