Over and above one of its UMPP is coming up only a few weeks from now, but the stock is still meandering around Rs.99-103 levels, unable to break out of the Pattern. So, the natural question comes: what next?
Reliance Power'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. The large-cap company has an equity capital of Rs.2805.13 crore. Face value per share is Rs.10.
Reliance Power, a part of Anil Dhirubhai Ambani's Reliance group, is India's leading private sector power generation company.
But it is a pity that the share price of Reliance Power Ltd, is not able to cross Rs.200, especially in the context that Samajbadi Party (SP) is now ruling the UP and the importance of Thakur Amar Singh has increased after his positive vote in FDI in Retail. Will we see the scrip shoot past Rs.150, in the next few months? Only the time will be able to tell.