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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.
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