Heavy Buying Hits Upper Circuit; Stock Rallied by 125 per cent in Just 3 Months!

The shares of the company have delivered a return of over 350 per cent to its shareholders in just 1 year only.

RattanIndia Power is one of India’s largest private power generation companies, with an installed capacity of 2,700 MW in thermal power plants located at Amravati and Nashik (1,350 MW at each location) in Maharashtra, India. On Friday the company experienced a significant surge in its share price.

On Friday the share of RattanIndia Power opened at Rs 17.95 per share, compared to Thursday’s closing figure of Rs 17.95 per share on the BSE. Finally, the shares closed the day at Rs 18.84 per share on the BSE. The stock has reached the upper circuit price limit of 5 per cent, reflecting strong demand in the market with no sellers willing to offer shares, resulting in potential buyers being unable to make purchases, leading to disappointment among buyers. The current market capitalization of RattanIndia Power stands at Rs 10,117.28 crore, and the stock has generated an impressive return of around 125 per cent in just 3 months only. 

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Financial Performance

As per the Quarterly Results, in the fourth quarter of FY24, RattanIndia Power recorded a revenue of Rs 914 crore. The operating profit for Q4 FY24 stood at Rs 206 crore, resulting in an operating profit margin of 23 per cent. The net profit for Q4 FY24 was Rs 10,666 crore. Looking at the annual performance, the company generated a revenue of Rs 3364 crore in FY24, compared to Rs 3231 crore in FY23. The operating profit for FY24 was Rs 646 crore, with a net profit of Rs 8897 crore.

Regarding the shareholding pattern, the promoters own 44.06 per cent of the company and the public or retail investors hold 47.29 per cent.

Investors must keep this Small-Cap stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.

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