A stock from the power sector, Reliance Power Ltd, has surged over 141.41% in the past year. The stock reached a fresh 52-week high of ₹46.35 on September 27, 2024, on the National Stock Exchange (NSE), pushing its market capitalization to ₹18,623 crore.
Anil Ambani’s Reliance Power, a notable player in the power sector, has outperformed the industry’s average return of 81.16%, with the broader market offering a 32.78% return during the same period.
Shareholding Patterns (June 2024 vs. March 2024):
- Promoters: Held stable at 23.24%.
- Foreign Institutional Investors (FIIs): Dropped slightly to 12.71% from 13.01%, down 0.30%.
- Mutual Funds: Small uptick of 0.02%, now at 0.22%.
- Insurance Companies: Unchanged at 2.67%.
- Other Domestic Institutional Investors (DIIs): Dropped from 2.10% to 0.18%, a reduction of 1.92%.
- Non-Institutional Investors: Increased their holdings from 58.78% to 60.98%, up 2.20%.
Financial Snapshot:
- PE Ratio: -9.24
- Price to Book Value: 1.60
- ROE (Latest): -19.06%
- EV to EBIT: 256.06
- EV to EBITDA: 30.23
- ROCE (Latest): 0.34%
Sector Performance
Reliance Power’s rise mirrors a strong recovery in the power sector, with retail investors (non-institutional) showing increased interest, as evidenced by the boost in their holdings. Meanwhile, institutional investors, including FIIs and DIIs, have reduced their stakes marginally.
Disclaimer: This article is for informational purposes only and does not provide financial advice. Investors should conduct their own research and consult with a financial advisor before making any investment decisions.
