Reliance Power Share Price 31 January 2024: A Rollercoaster Ride 🎢
Reliance Power, one of Anil Ambani’s companies, has been facing financial difficulties, resulting in significant losses for investors. Currently, the company’s shares are trading at ₹35.
Last week, during the Thursday trading session, Reliance Power shares saw a growth of 2.06%, reaching ₹30.22. On 8th January 2024, the shares were trading at their 52-week high of ₹33.10. However, on 28th March 2023, the shares hit a 52-week low of ₹9.05.
As of Tuesday, 30th January 2024, Reliance Power shares rose by 0.66% to ₹30.30. However, on Wednesday, 31st January 2024, the shares witnessed a decline of 0.43%, trading at ₹29.80.
Over the past six months, Reliance Power shares have provided investors with a return of 82%. In the past year, the company’s shares have given investors a substantial return of 140%.
As of December 2023, Anil Ambani, the promoter of Reliance Power, held a 24.49% stake in the company. Public investors accounted for the remaining 75.51% stake.
Anil Ambani owns 465,792 shares of Reliance Power, while his wife, Tina Ambani, owns 412,708 shares. Anil Ambani’s two sons hold 417,500 shares of the company. Additionally, Reliance Infra, another company in the Reliance Power promoter group, holds 93,01,04,490 shares of Reliance Power.
On 27th January 2024, Reliance Power Limited informed SEBI (Securities and Exchange Board of India) that a board meeting of the company’s directors has been scheduled for 3rd February 2024. During this meeting, the company will announce its financial results for the December 2023 quarter. In the September 2023 quarter, Reliance Power reduced its losses to ₹237.76 crores while witnessing a growth in total revenue to ₹2,130 crores.
Reliance Power primarily operates in the power generation sector. The company’s portfolio includes options such as coal, gas, water, wind, and solar energy. Currently, Reliance Power has a total operational capacity of 416 gigawatts. The company was established in 1995.
With the fluctuating share price and ongoing challenges, Reliance Power continues to be a topic of interest for investors and industry observers. Keep an eye on the latest developments to stay informed about this rollercoaster ride! 🎢💰
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