The share price of Reliance Power will remain in focus on Friday, as the company is declaring its April-June quarter financial performance, amidst high expectations, following a sharp run-up during this period riding the Narendra Modi wave. The company has posted a loss of ₹34.56 crore for the quarter ended March 31, 2014 while its total income stood at ₹101.86 crore. Ahead of the results, RPower futures shed 13 lakh shares indicating profit booking.
Pantaloons board meets for rights issue
The board of Pantaloons Fashion & Retail will meet on Friday to consider fund raising plans, including rights issue. Analysts would be keen to know the size and price of the issue. Pantaloons Fashion has reported a loss of ₹70.75 crore in Q4 (March 2014), higher than the loss of ₹59.52 crore in Q4 2013. The stock, which closed at ₹124 on Thursday, has climbed about 40 per cent in 2014. Analysts expect fund raising through equity would help lower its debt-equity ratio.
QIP issue to power Ujaas Energy
The share price of Ujaas Energy will attract market attention as its board is meeting on Friday to issue securities through a qualified institutional placement. Analysts would be keen to know the size and price of the issue. The solar power generation company has reported a profit of ₹20 crore for the quarter ended March 2014 on revenue of ₹241 crore. The corresponding figures for FY2014 were ₹37.4 crore and ₹525.24 crore. The issue is subject to shareholders’ nod.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.