Rel Power surges 3.7% on good Q3 earnings

Reliance Power, Anil Ambani led company engaged in development and operation of power projects, surged on Friday after reporting a rise of 30.32% in its consolidated net profit to Rs 2.66 billion as compared to Rs 2.04 billion in the same period last year.

Total consolidated income has increased by 2.35 times to Rs 15.86 billion for the quarter ended Dec. 31, 2012 from Rs 6.74 billion in the year ago period.

Shares ofthe companyare trading at Rs 92.85, up Rs 3.3, or 3.69% at the Bombay Stock Exchange (BSE) on Friday at 2:04 p.m.The scrip has touched an intra-day high of Rs 93.30 and low of Rs 88.55. The total volume of shares traded at the BSE is 1,800,618.In the earlier session, the shares fell 5.29%, or Rs 5, at Rs 89.55. Currently, the stock is trading down 33.39% from its 52-week high of Rs 139.40 and above 22.98% over the 52-week low of Rs 75.50.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 93.30 (3.75) (4.02) 1 Month 93.05 (3.50) (3.76) 3 Months 95.50 (5.95) (6.23) 6 Months 87.70 1.85 2.11 1 Year 97.10 (7.55) (7.78) Note: Based on previous day closing price.