By Akshay Jain
R-Power is one of the big names as a part of ADAG group debuted on the stock markets on 11 February 2008. The company attracted $27.5 billion of bids on the first day of its IPO, equivalent to 10.5 times the stock on offer, thereby, creating India’s IPO record.
The company is the sole distributor of electricity to consumers in the suburbs of Mumbai. It also runs power generation, transmission and distribution businesses in other parts of Maharashtra, Goa and Andhra Pradesh.
The company is consistently running into the profits since its listing with latest incremental EPS of last Rs. 4 per share in FY 2017. Comparing to the peers in the Industry, Company is running half of the industry Current MP/Book Value ratio. As per the latest press conference by Mr. Anil Ambani dated 26/12/2017 on Reliance Communication, Group is showing positive signs of crossing the industry benchmarks by making debt payments.
R-Power is one of the best LT investment stocks in terms of fundamental once the debt reduction strategic plan is initiated and technically the chart has shown the breakout to reach a price of Rs. 100 per share.
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