As a result of RR Infralands Pvt Ltd buying 9.16 Cr shares, this small-cap stock increased ~8% and the stock closed 2.5% below the 52-week high. The stock price is being maintained by the strong and rising volume, which is greater than usual compared to the previous day and week.
RattanIndia power Ltd
The company has a market capitalisation of Rs. 3,195 Cr., making it a small-cap. The stock closed 8.18% up at Rs. 5.95 apiece on Tuesday after starting the day at Rs. 5.55 apiece. The stock has delivered 50% returns to investors in one year.
According to the BSE bulk deal data, Rattanindia Enterprises Limited sold 9.15 Cr shares at Rs. 5.74 apiece and RR Infralands Pvt Ltd bought 9.16 Cr shares at the same price.
As per the company filing, the total consolidated income rose by 1.5% YoY from Rs. 922.16 Cr in Q1 FY23 to Rs. 935.98 Cr in Q1 FY24 and the company posted a net loss of Rs. 549.36 in Q1 FY24 against Rs. 389.30 Cr in Q1 FY23.
As per the latest shareholding information, promoters hold 74.86%, the public hold 15.63%, FII hold 9.48% and DIIs hold 0.03% stake in this company.
Power generating and related operations are done by RattanIndia Power Ltd. The corporation engages in the generation, distribution, trading, transmission, and other incidental and auxiliary activities related to the business of power.
Written by Sheshadri N
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