Rel Power debuts above issue price, turnover at Rs 4,445cr

92455 Investors following Reliance Power. Share this News with them.

0

Like this story, share it with millions of investors on M3

Rel Power debuts above issue price, turnover at Rs 4,445cr

Reliance Power has listed with premium of Rs 80 at Rs 530 as against its issue price of Rs 450. But huge sell off has pulled down the stock to an intraday low of Rs 386. It is trading lower at Rs 398.30, down Rs 51.70 or 11.5% on the NSE. The traded volumes of 10,42,60,041 shares and the turnover was at Rs 4,445 crore.

Post your opinion here

 

0

Tweet

Share on Tumblr

RELATED NEWS All eyes on Rel Power: Will it justify the hype? CNBC-TV18 Poll: 53% to not buy Rel Pwr if at sub-par What experts say about Reliance Power listing? Should retail investors avoid the whole IPO sector for now? Rel Power listing key trigger for short-term mkts Reliance Power BSE | NSE 25/05/12 Are Mutual Funds betting on Reliance Power?

Reliance Power has listed with premium of Rs 80 at Rs 530 as against its issue price of Rs 450. But huge sell off has pulled down the stock to an intraday low of Rs 386. It is trading lower at Rs 398.30, down Rs 51.70 or 11.5% on the NSE. The traded volumes of 10,42,60,041 shares and the turnover was at Rs 4,445 crore.

Reliance Power is contributing 50% to BSE and NSE cash turnover.

It has opened the day at Rs 547.80 on the BSE and touched a high/low of Rs 599.90 and Rs 389, respectively. The stock was trading at Rs 400.7, with volumes of 4,57,39,056 shares, at 1:54 pm.

F&O segment

Most active call for Reliance Power is at Rs 450 and active put at Rs 400. Nearly 27 lakh calls traded till now. The turnover in futures and options stood at Rs 710 crore and it has added 18.7 lakh shares in open interest.

The stock is a part of NSE F&O, the lot size is of 450 shares and options strike priced between Rs 10-1350.

45% stake of Reliance Energy in Reliance Power is valued at Rs 1512 per share.

The company had entered capital market with public issue of 26 crore equity shares of Rs 10 each. Reliance Power IPO was oversubscribed approximately 70 times.

Reliance Power is the flagship company of the Reliance ADA Group to develop, construct and operate power generation projects.  The company is currently developing 12 power projects with a combined planned installed capacity of 28,000 MW, one of the largest portfolios of power generation assets under developments