Power Penny Stock trading below Rs 20 is in focus after releasing solid quarter three (Q3) results. Actually we are talking about RattanIndia Power Limited, a SmallCap Power company in India. After the December quarter, FIIs increased 0.63% of stake in this power Penny stock. Check more details below.
Stock Market Today
The Indian stock market ended the day in red on Friday with the benchmark Sensex down 0.43% at a level of 76,190 and the Nifty-50 plunged 0.48% and closed at a level of 23,092. Similarly bank nifty fell 0.45% to 48,367 level.
RattanIndia Power Share Price NSE
The shares of RattanIndia Power Limited ended the weekend at Rs 12.14 on NSE with 3.88% decline from its previous closing price Rs 12.63. Talking about the share performance, RattanIndia Power shares dropped 8.86% in the past one month, 28% in the last 6 months. In the last one year, RattanIndia Power shares have gained as much as 13.46% and 522.56% in the last 5 years. The Stock’s 52-week high is Rs 21.10 and its 52-week low is Rs 7.90.
RattanIndia Power Q3 Results
RattanIndia Power recently released its Q3 results in which the company has shown strong financial performance. In the third quarter (September to December) RattanIndia Power total income increased by 7.5% to Rs 733.32 compared to Rs 682.43 crore in Q2FY25. The company reported a 420.7% net profit rise to Rs 4.33 crore in Q3FY25 while it reported a loss of Rs 2.34 crore in Q2FY25.
FIIs Increased Stake in Power Penny Stock
As per the available data on NSE FIIs bought 3,34,76,724 shares in December 2024, which represents a 0.63% of the total stake. With this FIIs holding increased to 5.02% from 4.39% in September 2024. In addition, Power Finance Corporation (PFC) holds 4.38% and REC Ltd owns 1.72% stake in this company as of December 2024.
About RattanIndia Power Limited
Incorporated in RattanIndia Power Limited is one of India’s largest private sector power generation companies, with an installed capacity of 2,700 MW thermal power plants at Amravati and Nashik (1,350 MW at each location) in Maharashtra, India. With a market cap of over Rs 6,700 crore, the company deals with power generation, distribution, transmission and trading.
Investors should keep an eye on this SmallCap power company.
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