RattanIndia Power shares jump 18% amid significant volumes. BSE seeks clarification for sudden spike

Shares of RattanIndia Power jumped 18% on Tuesday, hitting the day’s high of Rs 14.04 on the NSE amid significant volumes as 19.47 crore shares changed hands.

The immediate reason for the spike was not known, and BSE has sought clarification from the company concerning the movement in volume.

The stock has been on a winning streak, remaining unbeaten for the past four trading sessions and extending gains to 26% during this period.

On Saturday, the company had informed about the company’s Whole-time Director Baliram Ratna’s resignation with effect from June 06, 2025, due to personal reasons.

RattanIndia Power claims to be one of India’s largest private power generation companies, with an installed capacity of 2,700 MW of thermal power plants at Amravati and Nashik (1,350 MW at each location) in Maharashtra. It has investments worth Rs 18,615 crores, and the power plants are spread over an area of 2,400 acres.

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The smallcap stock has been a market laggard and has traded flat this year, while on a one-year basis, its price has eroded by 20%.The stock is currently trading above its 50-day and 200-day simple moving averages (SMAs) of 10.5 and 12.5, respectively, according to Trendlyne data.The RattanIndia Power stock has been quite volatile and has traded with a 1-year beta of 1.3.

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The company’s Q4FY25 earnings witnessed a significant drop, with the consolidated net profit reported at Rs 126 crore versus Rs 10,666 crore in the year-ago period. It was a 99% year-on-year plunge. The company’s consolidated revenue was up over 3% at Rs 1,029 crore versus Rs 996 crore in the corresponding quarter of the last financial year.

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