Shares of Torrent Power had been final buying and selling 4.51 per cent increased at Rs 450.25 on the BSE.
Share value of Torrent Power Limited edged increased by greater than 4 per cent on Friday, May 21, a day after the corporate introduced its January-March quarter outcomes for the monetary 12 months 2020-21. On Friday, Torrent Power opened on the BSE at Rs 445, swinging to an intra day excessive of Rs 465.40 and an intra day low of Rs 426.10, within the buying and selling session to date. According to a regulatory submitting by the corporate to the inventory exchanges, Torrent Power reported a web revenue of Rs 398.1 crore within the March quarter on a consolidated foundation. (Also Read: Torrent Power Bags Deal To Set Up Solar Power Plant )
According to the assertion, Torrent Power reported a lack of Rs 273.94 crore within the corresponding quarter of the earlier fiscal 2019-20. Meanwhile, within the fourth quarter of the monetary 12 months 2020-21, the corporate’s revenues rose to Rs 3,084.13 crore, in comparison with Rs 2,983.5 crore within the year-ago interval. The firm’s complete complete revenue or TCI grew by 13 per cent to Rs 1,299.98 crore for the fiscal 12 months 2020-21.
During the monetary 12 months 20202-1, the corporate emerged as the best bidder for the acquisition of a 51 per cent stake within the energy distribution firm in Dadra & Nagar Haveli in addition to Daman & Diu.
On the NSE, Torrent Power opened at Rs 444, registering an intra day excessive of Rs 465.90 and an intra day low of Rs 426.10, within the session to date. It was final buying and selling 4.34 per cent increased at Rs 449.45 on the NSE.
Shares of Torrent Power had been final buying and selling 4.51 per cent increased at Rs 450.25 on the BSE.
