Shares of RattanIndia Power Limited may remain in the market’s focus this week, as the company is going to release its December quarter results next week. The company has informed the stock market that it will announce its earnings for the third quarter of the current financial year 2024-25. RatanIndia Power, a penny stock in the power generation and distribution industry, is currently trading below Rs 20 on the BSE. Its closing price on Friday was Rs 12.03.
Know what are the details
The company informed through an exchange filing on Friday, January 17, 2025 that its board will meet on January 22, 2025, to consider the unaudited financial results (standalone and consolidated) for the quarter and nine months ended December 31, 2024. will be discussed. RatanIndia Power had announced its Q2 FY25 earnings on October 23 last year.
Company’s share position
In Friday’s trading session, shares of RatanIndia Power closed at Rs 12.01 on BSE, down 1.40 per cent from the previous close of Rs 12.18. Shares have fallen 11.43 percent in the last two weeks and 15 percent in the last one month. However, according to BSE Analytics, the stock has given multibagger returns of 204.82 percent in the last two years and 500 percent in the last five years. On October 30, 2009, the price of this share was around Rs 40, due to which it has registered a decline of about 70 percent.
