2024-05-26 06:16:49
New Delhi: Anil Ambani’s troubles usually are not going to finish. Now one in every of Anil Ambani’s corporations has suffered large losses. This firm is Reliance Energy. The corporate has launched the outcomes of its fourth quarter of the final monetary yr. Reliance Energy Restricted suffered a web lack of Rs 397.66 crore within the March quarter. The corporate suffered this loss primarily as a consequence of rising gas costs. In a discover to the inventory market, the corporate stated that it had a revenue of Rs 321.79 crore in the identical interval final yr. The overall revenue of the corporate, nevertheless, elevated to Rs 2,193.85 crore within the January-March, 2024 quarter from Rs 1,853.32 crore in the identical interval final yr.Tata Motors goes to make an enormous funding on new merchandise and expertise, made this plan
firm’s loss elevated
Speaking about bills, the price of gas elevated to Rs 953.67 crore through the quarter, which was Rs 823.47 crore within the January-March interval in FY 2022-23. The corporate’s loss for all the monetary yr 2023-24 elevated to Rs 2,068.38 crore, which was Rs 470.77 crore in FY 2022-23. In the meantime, Reliance Energy’s inventory closed with a acquire on the Bombay Inventory Change final Friday. It closed at Rs 26.64 with a acquire of 0.91 per cent or Rs 0.24. The 52-week excessive of this inventory is Rs 34.35. On the similar time, the 52-week low is Rs 12.01. The market cap of the corporate is Rs 10,701.21 crore.
IDFC Restricted shall be merged with IDFC First Financial institution, approval obtained from shareholders, this would be the impact on the shares
How a lot return did you give
Those that invested in Reliance Energy shares have gotten good returns in the long run. Within the final 5 days, the corporate’s shares have jumped by greater than two p.c. Speaking concerning the final 6 months, buyers have gotten a return of greater than 27 p.c. Within the final one yr, the inventory has jumped by 104.21 p.c. Speaking concerning the final 5 years, buyers have gotten a return of greater than 250 p.c.