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RPower drops after 6-day 8.9% rally

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Capital Market Mumbai
Last Updated : Apr 24 2013 | 1:41 PM IST

Meanwhile, the BSE Sensex was up 97.38 points or 0.5% at 19,445.50.

On BSE, 19.59 lakh shares were traded in the counter as against average daily volume of 13.35 lakh shares in the past one quarter.

The stock hit a high of Rs 99.90 and a low of Rs 96.70 so far during the day. The stock had hit a record low of Rs 68.50 on 21 December 2011. The stock had hit a 52-week high of Rs 139.40 on 6 March 2012.

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The stock had underperformed the market over the past one month till 4 December 2012, rising 0.92% compared with the Sensex's 3.16% rise. The scrip had, however, outperformed the market in past one quarter, jumping 25.18% as against Sensex's 10.94% surge.

The large-cap company has equity capital of Rs 2805.13 crore. Face value per share is Rs 10.

Shares of Reliance Power (RPower) had rallied 8.99% in six trading sessions to settle at Rs 98.20 on Tuesday, 4 December 2012, from a recent low of Rs 90.10 on 23 November 2012.

RPower's consolidated net profit rose 2% to Rs 240.22 crore on 121.4% growth in net sales to Rs 1079.21 crore in Q2 September 2012 over Q2 September 2011.

RPower, a part of Reliance group, is India's leading private sector power generation company. The company has the largest portfolio of power projects in the private sector based on coal, gas, hydro and renewable energy, with an operating portfolio of 1,540 MW. The company also has the largest captive coal reserves in the private sector, estimated at two billion tonnes. Besides, the company is developing three coal mines in Indonesia and also developing coal bed methane based generation capacity.

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First Published: Dec 05 2012 | 11:32 PM IST

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