Wednesday 22 June 2016

RPower tumbles 1%; Coal Min issues show cause notice

The ministry also issued the same notice to Jharkhand Ispat in the same regards.

Reliance Infrastructure
Anil Mabani-led Reliance Power is trading 0.86% down at Rs.51.60 on BSE after the Coal Ministry issued a show cause notice to to the company for Kerandari coal block.

The Ministry also issued the same notice to Jharkhand Ispat in the same regards.

The scrip opened at Rs. 52.1 and has touched a high and low of Rs. 52.45 and Rs. 51.5 respectively. So far 1439699(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 14600.68 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 61.4 on 12-Jan-2016 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. 53.65 and Rs. 51.35 respectively.

The promoters holding in the company stood at 74.98 % while Institutions and Non-Institutions held 10.48 % and 14.21 % respectively.

The stock is currently trading above its 50 DMA

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