Reliance Power hits 20% upper circuit limit as profit doubles in Q2
NEW DELHI: Shares of Reliance Power NSE 20.00 % hit their 20 per cent upper circuit limit in Friday’s trade after the company reported a two-fold jump in net profit for the September quarter. The stock also gained after the company said it is confident of meeting obligations by generating sufficient and timely cash-flows through time-bound monetisation of gas-based power plant equipment and other assets of certain subsidiaries.
The stock froze at its 20 per cent upper circuit limit at Rs 3.28 on BSE.
