Turnaround Power Stock Under Rs 20: 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.
Read 1:1 Bonus Issue Announcement: This Small-cap Hotel Company Announces Bonus Shares; Record Date Inside!
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.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
Related articles
-
Penny Stock Under Rs 20: This Oil Exploration Stock Hits Upper Circuit & 52-Week High Today; Q4 FY24 Net Profits Surge by 230 per cent: Must Watch!
-
Penny Stock Under Rs 5: DIIs Own 43.25 per cent Stake, Stock Hits Upper Circuit Consecutively for 12 Days, Gains 140 per cent in 1 Month!
-
Ashish Kacholia-Backed VFX Stock Hits 52-Week High with Heavy Volumes Today, Gains Over 400 Per cent Within 1 Year!
-
Rs 800 Crore Order Book: This Aerospace & Defence Electronic Stock Hits All-Time High with Heavy Volumes, Here's Why
-
Turnaround Wind Energy Stock Under Rs 30: Stock Hits Upper Circuit with Heavy Volumes, Stock Gains Over 190 per cent in Just 1 Year!
-
Back-to-Back Upper Circuit for 3 Days Ashish Kacholia-Backed Engineering Stock; Do You Own It?
-
Back-to-Back Upper Circuit Stock Under Rs 100: Do You Own This Hydraulic Engineering Equipment Manufacturing Stock?
-
1:4 Bonus Issue: Debt-Free Liquor Stock Hits All-Time High & Upper Circuit with Heavy Volume Today – Do You Own It?
-
52-Week High Alert: Steel Company Establishes New Manufacturing Plant in Raebareli, Uttar Pradesh; Stock Surges Over 140 per cent in One Year!
-
Rs 800 Crore Order Book: This Aerospace & Defence Electronic Company Bags Order Worth Rs 1,250 Crore from Larsen & Toubro!
-
Penny Stock Under 15: Company Bags Order Worth Rs 1,96,80,000 from BSNL; Stock Hits Upper Circuit Today!
-
Rs 57,536 Crore Order Book: Rekha Rakesh Jhunjhunwala-Backed Construction Company Bagged Order Worth Rs 335 Crore in June, Stock Gains Over 160 Per cent in Just 1 Year!
-
Stock Hits Upper Circuit After Small-Cap Multibagger Announces 3:1 Bonus Shares; Stock Gains Over 200 per cent in Just 6 Months Only!
-
This Artificial Intelligence Company's Shares Hit Upper Circuit: Here's Why? Promoter Increased Stake from 4.03 per cent to 34.03 per cent & FIIs own 22.93 per cent stake!
-
Solar Company Bags Order Worth Rs 17,82,10,800 from Eminent Paper Industries, Stock Gains Over 230 per cent in just 6 months!
-
Rs 800 Crore Order Book: This Small-Cap Company Secures Rs 53,00,00,000 Order from Housing & Urban Development Department, Government of Odisha
-
Rs 3,400 crore order book: Multibagger power company bags order worth Rs 12,07,26,677 from NTPC & Maharashtra State Power Generation Company!
-
Under Rs 110: This Microcap Railway Company Bags Order Worth Rs 34,94,70,000 from K-Ride, a Rail Infrastructure Development Company!
-
Ashish Kaholia’s Portfolio Engineering Company Stock Hits Upper Circuit; Gains Over 190 per cent in Just 1 Year – Do You Own This Stock?
-
3:1 Bonus Shares Announced by Small-Cap Multibagger Company; Stock Gains Over 250 per cent in Just 1 Year!