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Economic Times
a day ago
- Business
- Economic Times
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 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 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 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 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 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 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 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)
Time of India
a day ago
- Business
- Time of India
Reliance Power shares jump 16% to hit fresh 52-week high amid high volume
Reliance Power shares have been on a steady uptrend since the Q4 results, where the company reported a turnaround to profit from a year-ago loss. Reliance Power's shares surged nearly 16% to a 52-week high of Rs 60.5, fueled by robust trading volumes. The stock has delivered multibagger returns, rallying 139% in the past year. The company reported a consolidated net profit of Rs 126 crore for Q4 FY25, reversing a previous loss, and a full-year profit of Rs 2,947.83 crore. Tired of too many ads? Remove Ads Reliance Power Q4 earnings Tired of too many ads? Remove Ads Reliance Power shares technical indicators 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 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 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 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 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 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 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 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 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)
Mint
2 days ago
- Business
- Mint
Stocks to buy: Rajesh Palviya of Axis Sec suggests Chennai Petroleum, Strides Pharma, Paytm shares today
Stock market today: Indian stock markets opened flat in the red on Friday, reflecting ongoing global concerns that are impacting investor sentiment. The recent ruling by the US Federal Appeals Court, which permits the Trump administration to maintain its tariff policy while awaiting a decision from a higher court, has added to the uncertainty that is affecting markets worldwide. Investors are now looking for clearer guidance from the higher courts regarding the legal challenges surrounding these tariffs. At the start of trading, the benchmark Nifty 50 index declined by 21.00 points or 0.08%, reaching 24,812.60. Similarly, the BSE Sensex opened lower, down by 167.33 points or 0.20%, at 81,465.69. This weakness in Indian markets is consistent with the overall negative sentiment observed in major Asian indices. Analysts suggest that caution is likely to prevail until there is more clarity on the tariff situation. On the technical front, Rajesh Palviya of Axis Securities expects Nifty 50 to extend towards 25,200-25,500 levels. Palviya suggests three stocks to buy, sell and accumulate. Check out his views. The benchmark index is in a strong uptrend, forming a series of higher tops and bottoms, indicating bullish sentiments. Nifty 50 is firmly placed above its 20,50,100, and 200-day SMA, which reconfirms a bullish trend on a higher time frame. Over the past 12-13 sessions, the index is consolidating within 25,200-24,500 levels, and hence any either-side breakout may indicate further direction. On the upside, the index is expected to extend this momentum towards the 25,200-25,500 levels. The crucial support zone is located around the 24,600-24,500 levels; hence, any minor correction around this remains a buying opportunity for traders. The weekly strength indicator, RSI, is in positive territory, indicating rising strength. On the weekly chart, the Chennai Petroleum share price has confirmed an "inverse head and shoulders", a trend reversal pattern at 668 levels on a closing basis, indicating bullish sentiments. This breakout is accompanied by huge volumes, indicating increased participation. Chennai Petroleum share price is sustaining above its 20-, 50, 100, and 200-day Simple Moving Averages (SMA), reconfirming the bullish trend. The daily and weekly strength indicators, including the Relative Strength Index (RSI), are in favourable territory, indicating rising strength. Investors should consider buying, holding, and accumulating this stock. Its expected upside is ₹ 765-800, and its downside support zone is the 685-665 levels. On the daily chart, the Paytm share price has confirmed a "down-sloping trendline" breakout at 870 levels on a closing basis. This buying momentum was observed around the 20-day SMA support zone at 852 levels, which remains a crucial support zone. Paytm share price is sustaining above its 20, 50, 100, and 200-day Simple Moving Averages (SMA), reconfirming the bullish trend. The daily, weekly and monthly strength indicators, including the Relative Strength Index (RSI), are in favourable territory, indicating rising strength. Investors should consider buying, holding, and accumulating this stock. Its expected upside is 913-955, and its downside support zone is the 850-820 levels. Strides Pharma Science share price decisively surpassed the past eight months' "multiple resistance zone" of 760 levels on a closing basis, which shows bullish sentiments. This breakout is accompanied by huge volume, which signals increased participation. In addition, the daily band Bollinger buy signal indicates increased momentum. Strides Pharma Science share price is sustaining above its 20, 50, 100, and 200-day Simple Moving Averages (SMA), reconfirming the bullish trend and these averages are also inching up along with price rise, which reconfirms bullish sentiments. The daily, weekly and monthly strength indicators, including the Relative Strength Index (RSI), are in favourable territory, indicating rising strength. Investors should consider buying, holding, and accumulating this stock. Its expected upside is 860-930, and its downside support zone is the ₹ 760-715 levels. 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.
Time of India
3 days ago
- Business
- Time of India
Suzlon Energy shares slip 3% ahead of Q4 results after four-day rally
Suzlon Energy shares snapped a four-day winning streak on Thursday, falling nearly 3% to Rs 64.75 ahead of its March quarter earnings due later in the day. The stock had opened higher for a fifth straight session but reversed early gains. Until Wednesday's close, the stock had risen over 8% across four sessions. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Uttara Model Town: Scholarships You Can Apply For (Start Now) Google Search Search Now Undo In the December quarter (Q3 FY25), Suzlon reported a 91% year-on-year jump in revenue to Rs 2,968 crore, with EBITDA doubling over the same period. Margins improved by 90 basis points. Volumes reached 447 MW, compared to 170 MW a year earlier and 256 MW in the previous quarter. For the first nine months of FY25, total deliveries stood at 977 MW. Last month, the company extended its partnership with NTPC Green Energy , securing a 378 MW order — its largest to date from any single customer. This brought Suzlon's total orders from NTPC Green to 1,544 MW. In September 2023, it received a 1,166 MW wind energy order from the same PSU. Suzlon Energy share price target Live Events According to Trendlyne, the average target price for Suzlon Energy is Rs 72, suggesting an upside of nearly 10% from current levels. Of the nine analysts covering the stock, the consensus rating is 'Strong Buy'. Also Read: These 10 Nifty microcap stocks can rally 70-200% in the next 12 months Suzlon shares technical indicators On the technical side, the Relative Strength Index (RSI) is at 71.3, indicating overbought conditions and the possibility of a pullback. The MACD stands at 1.5, above both its center and signal lines, suggesting a bullish trend. Suzlon Energy 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). Suzlon Energy share performance Suzlon shares have gained 31% over the past three months, and 528% over the past two years. The company's current market capitalisation stands at Rs 88,704 crore. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Economic Times
3 days ago
- Business
- Economic Times
Suzlon Energy shares slip 3% ahead of Q4 results after four-day rally
Suzlon Energy shares snapped a four-day winning streak on Thursday, falling nearly 3% to Rs 64.75 ahead of its March quarter earnings due later in the day. The stock had opened higher for a fifth straight session but reversed early gains. ADVERTISEMENT Until Wednesday's close, the stock had risen over 8% across four sessions. In the December quarter (Q3 FY25), Suzlon reported a 91% year-on-year jump in revenue to Rs 2,968 crore, with EBITDA doubling over the same period. Margins improved by 90 basis points. Volumes reached 447 MW, compared to 170 MW a year earlier and 256 MW in the previous quarter. For the first nine months of FY25, total deliveries stood at 977 MW. Last month, the company extended its partnership with NTPC Green Energy, securing a 378 MW order — its largest to date from any single customer. This brought Suzlon's total orders from NTPC Green to 1,544 MW. In September 2023, it received a 1,166 MW wind energy order from the same to Trendlyne, the average target price for Suzlon Energy is Rs 72, suggesting an upside of nearly 10% from current levels. Of the nine analysts covering the stock, the consensus rating is 'Strong Buy'. ADVERTISEMENT Also Read: These 10 Nifty microcap stocks can rally 70-200% in the next 12 months On the technical side, the Relative Strength Index (RSI) is at 71.3, indicating overbought conditions and the possibility of a pullback. The MACD stands at 1.5, above both its center and signal lines, suggesting a bullish trend. ADVERTISEMENT Suzlon Energy 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).Suzlon shares have gained 31% over the past three months, and 528% over the past two years. The company's current market capitalisation stands at Rs 88,704 crore. (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)
