Hot Pursuit     06-Apr-17
Rattanindia Power declines on profit booking
Rattanindia Power fell 3.1% to Rs 8.45 at 14:26 IST on BSE, with the stock sliding on profit booking after recent rally.

Meanwhile, the S&P Sensex was down 108.44 points, or 0.36% at 29,865.80. The S&P BSE Small-cap index was down 52.40 points, or 0.35% at 14,732.28.

On the BSE, 5.30 lakh shares were traded on the counter so far as against the average daily volumes of 6.87 lakh shares in the past one quarter. The stock had hit a high of Rs 8.75 and a low of Rs 8.42 so far during the day.

The stock had hit a 52-week high of Rs 12.29 on 7 July 2016 and a 52-week low of Rs 6.32 on 27 December 2016. The stock had outperformed the market over the past one month till 5 April 2017, advancing 22.13% compared with the Sensex's 3.96% rise. The scrip had also outperformed the market over the past one quarter advancing 19.62% as against the Sensex's 11.52% rise.

The small-cap company has equity capital of Rs 2,952.93 crore. Face value per share is Rs 10.

Rattanindia Power had rallied 17.68% in the preceding five trading sessions to settle at Rs 8.72 yesterday, 5 April 2017, from its closing of Rs 7.41 on 28 March 2017.

Rattanindia Power reported net loss of Rs 59.51 crore in Q3 December 2016, as compared with net loss of Rs 4.23 crore in Q3 December 2015. Net sales fell 62.2% to Rs 300.27 crore in Q3 December 2016 over Q3 December 2015.

Rattanindia Power (formerly Indiabulls Power) focuses on developing, constructing, and operating power projects in India.

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