The BSE Sensex was up 200.23 points, or 1.05%, to 19259.16. A special one-hour trading session to mark the beginning of the New Year Samvat year 2064 is being held today on the bourses. Trading began at 18:00 IST and will end at 19:00 IST.

On BSE, 4257 shares of the scrip were traded. The stock had an average daily volume of 17.99 lakh shares on BSE in past one quarter.

The scrip had touched a high of Rs 1909.90 and a low of Rs 1899.28 so far during the day. The stock had hit a 52-week high of Rs 2000 on 1 November 2007 and a 52-week low of Rs 448.20 on 5 March 2007.

The scrip had outperformed the market in the one month to 8 November 2007, adding 34.18% as against the Sensex's 8.96% gain. It had also outperformed the market in the past three months, soaring 136.36% against the Sensex's 24.50% rise.

India's second largest power utility by revenue has an equity capital of Rs 229.09 crore. Face value per share is Rs 10.

At the current price of Rs 1900, the scrip trades at a PE multiple of 43.41, based on Q2 September 2007 annualised EPS of Rs 43.76.

As per reports, Reliance Power, the subsidiary of the company, is set to bag the 4,000 mega watts (MW) Krishnapatnam ultra mega power project (UMPP) after emerging as the lowest bidder. The Anil Dhirubhai Ambani Group Company reportedly outbid Larsen & Toubro (L&T;) and Sterlite Industries for the Andhra Pradesh-based Rs 16,000-crore project.

Reliance Power quoted a tariff of Rs 2.33 per unit for 25 years against L&Ts; Rs 2.68 per unit bid. Sterlite quoted Rs 4.18 per unit, the report said.

The financial bids for the imported coal based project were opened by Power Finance Corporation (PFC) on Thursday, 8 November 2007. Reliance, L&T; and Sterlite were the three firms in the fray.

Reliance Power has already bagged the Sasan ultra mega power plant project (UMPP) in Madhya Pradesh for a tariff of Rs 1.196 per unit. That project will also require an investment of over Rs 16,000 crore.

Reliance Energys net profit rose 34.2% to Rs 250.08 crore on 10% rise in sales to Rs 1541.73 crore in Q2 September 2007 over Q2 September 2006.

Reliance Energy is a private sector utility company. The group distributes nearly 21 billion units of power to consumers in Mumbai, Delhi, Orissa and Goa, across an area covering 1,24,300 squre kilo metres.

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