Reliance Power jumped 7.98% to Rs 4.33 at 10:53 IST on BSE on bargain hunting after a recent slump.
Meanwhile, S&P BSE Sensex was up 23.70 points or 0.06% at 39,458.64.On BSE, 75.78 lakh shares were traded in Reliance Power counter, compared to a 2-week average of 120.57 lakh shares. The share price hit an intraday high of Rs 4.42 and an intraday low of Rs 4. It hit a 52-week high of Rs 39.25 on 3 September 2018 and a 52-week low of Rs 3.95 on 19 June 2019.
Shares of Reliance Power fell 26.42% in the past two trading sessions to settle at Rs 4.01 yesterday, 25 June 2019, from its close of Rs 5.45 on 21 June 2019.
Meanwhile, Yes Bank sold 5.29 crore equity shares, or 1.89% equity, in Reliance Power at an average price of Rs 4.14 each on NSE yesterday, 25 June 2019.
On a consolidated basis, Reliance Power reported net loss of Rs 405.34 crore in Q4 March 2019 compared with net profit of Rs 189.21 crore in Q4 March 2018. Net sales declined 32.5% to Rs 1,585.66 crore in Q4 March 2019 over Q4 March 2018.
Reliance Power is a power generation and coal resources company.
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