InvestorQ : Reliance Power suffered loss in the fourth quarter result. Should I invest in stock?
Ira Shah made post

Reliance Power suffered loss in the fourth quarter result. Should I invest in stock?

Answer
user profile image
1 year ago


Anil Ambani's Reliance Power realised its March quarter,2019. It resulted in loss of Rs, 3.558.5 crore. Total impaired assets amounted to more than Rs 4,000 crore.

This impaired amount was adjusted to approx. Rs 3,153 through the withdrawal Rs 1,017 crore (approx.) from its general reserve.

In the FY18, the company experienced a profit of nearly Rs 189 crore.
Over the question of operational performance, the management said it has quite a sturdy growth.
Recently on Friday 7th June 2019, the company's share dived to a 15-year low. It came down nearly to Rs 7.80, 14.20% in intra-day on BSE.
On the same day, post the announcement of the result, the shares fell nearly to 6.20%, at Rs. 6.

Today on 10th June 2019, the share worth Rs. 5.75 in both NSE and BSE (downfall of 0.40%).

Looking over the current scenario, I think today it may not be the correct decision to invest in this company's share. However, unless you analyse deeply and refer to the history of the company's stock movements it may seem good to you to invest now at the best price.