Reliance Power climbs 3%; Q2 net profit up 37%

The company posted a net profit after taxes, Minority Interest and Share of Profit/(Loss) of Associates of Rs. 3456.30 mn for the quarter ended September 30, 2015 as compared to Rs. 2530.70 mn for the quarter ended September 30, 2014.

Reliance Power Ltd stock were higher by 3% at Rs. 51. The company posted a net profit after taxes, Minority Interest and Share of Profit/(Loss) of Associates of Rs. 3456.30 mn for the quarter ended September 30, 2015 as compared to Rs. 2530.70 mn for the quarter ended September 30, 2014.

Total Income has increased from Rs. 18841.80 mn for the quarter ended September 30, 2014 to Rs. 28560.10 mn for the quarter ended September 30, 2015.

The scrip opened at Rs. 50.45 and has touched a high and low of Rs. 51.55 and Rs. 50.1 respectively. So far 1820555(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 13871.35 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 80.8 on 05-Nov-2014 and a 52 week low of Rs. 33.05 on 25-Aug-2015. Last one week high and low of the scrip stood at Rs. 52.6 and Rs. 48.5 respectively.

The promoters holding in the company stood at 74.98 % while Institutions and Non-Institutions held 10.22 % and 14.78 % respectively.

The stock is currently trading below its 200 DMA.