Nomura feels Reliance Power is fairly valued at current levels.
The special resolution to enable board of director to borrow funds (apart from temporary loans) up to five time of the paid up capital and free reserves was passed by the requite majority by shareholders in the annual general meeting of the company held yesterday, Reliance Power said in a BSE filing today.
Ashwani Gujral of ashwanigujral.com recommends buying CESC, Escorts, Indraprastha Gas, Chennai Petroleum and Welspun Corp.
Sanjiv Bhasin of IIFL is of the view that one can pick Reliance Power, Power Grid and NTPC and is overweight on Coal India.
Reliance Power posted a 32 percent decline in consolidated net profit at Rs 230.8 crore for the quarter ended June 30, 2017, on increase in finance cost.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Motherson Sumi and HDFC and sell Reliance Power, Reliance Infra and Reliance Capital.
Mitessh Thakkar of mitesshthakkar.com suggests selling Indo Count Industries, KPIT Technologies and Reliance Power and advises buying NIIT Technologies and Bliss GVS Pharma.
Mitessh Thakkar of miteshthacker.com suggests buying GAIL India and Reliance Power.
Rajat Bose of rajatkbose.com is of the view that one may stay with Reliance Power.
Sharmila Joshi of sharmilajoshi.com is of the view that one may exit Reliance Power.
The company has also signed a MoU with PetroBangla for setting up a 500-mmscfd LNG terminal at Kutubdia Island near Chittagong in Bangladesh.
"Reliance Power today executed project agreements with Bangladesh Power Development Board (BPDB) for phase I of 750 MW LNG power project at Meghnaghat, near Dhaka in Bangladesh," Reliance Power said in statement.
CA Rudramurthy BV of Vachana Investments suggests buying BHEL and Bharat Forge and advises selling Reliance Power.
Mitessh Thakkar of miteshthacker.com recommends buying Amara Raja Batteries, Godrej Industries, Jain Irrigation, NCC and Reliance Power.
Reliance Infradevelopment offloaded a total of 18 crore shares over three days starting from March 20. The shares were sold in three tranches to Reliance Wind Turbine Installators Industries at different prices.
It won't be unwise to question whether the upcoming IPO of D-Mart might signal a market top as such a coincidence has occurred in the past.
CNBC-TV18's Ekta Batra lists out stocks that you should focus on.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today -- Bharat Financial Inclusion, Bombay Dyeing, PNC Infra, Teamlease, South Indian Bank, Adani Power and Reliance Power.
Shares of Radhakishan Damani-promoted Avenue Supermarts are quoting at a premium of Rs 175-180 over the expected issue price in the grey market, according to brokers dealing in this unregulated market.
Ashwani Gujral of ashwanigujral.com recommends buying Reliance Industries, Hindustan Zinc and Asian Paints.
Hero Motocorp | Lupin | Cipla | Bank of India | eClerx Services | Ratnamani Metals | Healthcare Global | Reliance Power | Union Bank | Thermax | Indraprastha Gas | Adani Transmission | Kotak Mahindra Bank | Axis Bank and Idea Cellular are stocks, which are in the news today.
Reliance Power today posted a 14.4 per cent rise in its consolidated net profit at Rs 275.7 crore for the third quarter period on higher electricity generation.
Union Railway Minister Suresh Prabhu today unveiled 'Mission 41K' to save Rs 41,000 crore on the Indian Railways' expenditure on energy consumption over the next 10 years.
Wockhardt | Tech Mahindra | Sagar Cement | Glenmark | Torrent Pharma | Mastek | Piramal Enterprises | GE Power | Indo Borax | Monnet Ispat | Reliance Communications | GM Breweries and Chartered Logistics are stocks, which are in the news today.
The Coal Ministry had earlier issued a show-cause notice to Reliance Power, seeking reasons for delays in developing coal mines allocated for Tilaiya UMPP.