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RPower gains after a large block deal

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Capital Market
Last Updated : Mar 27 2014 | 12:00 AM IST

Reliance Power rose 1.91% to Rs 66.85 at 10:42 IST on BSE after a block deal of 6.50 crore shares was executed in the counter on BSE at Rs 66.05 per share in opening trade today, 26 March 2014.

The block deal constitutes 2.31% of Reliance Power (RPower)'s equity.

Meanwhile, the S&P Sensex was up 70.96 points or 0.32% at 22,126.17.

On BSE, so far 6.59 crore shares were traded in the counter as against average daily volume of 7.02 lakh shares in the past two weeks.

The stock hit a high of Rs 67.85 and a low of Rs 65.60 so far during the day.

RPower's consolidated net profit rose 0.6% to Rs 267.22 crore on 6.2% decline in net sales to Rs 1372.61 crore in Q3 December 2013 over Q3 December 2012.

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Reliance Power, a part Reliance Group, is India's leading private sector power generation company.

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First Published: Mar 26 2014 | 10:43 AM IST

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