Reliance Power Share Price Soars by 34% in Last Five Trading Sessions 📈💰
Reliance Power Company’s shares have witnessed a significant surge in the last two days. In the past five trading sessions, the company’s share price has increased by 34%. On Wednesday, the stock was trading in the upper circuit. Today, a strong profit recovery is being seen in the share price of Reliance Power.
As of Thursday, June 13, 2024, Reliance Power’s share is trading at ₹30.81, down by 2.31%. The stock saw a trading volume of 14.23 crore shares on Wednesday. Over the past five days, the company’s shares have surged by 34%.
Reliance Power is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving average price levels. The company primarily focuses on the development and operation of electricity generation plants.
Reliance Power has become debt-free by settling loans with various banks like IDBI Bank, ICICI Bank, Axis Bank, and DBS between December 2023 and March 2024. The company has paid off its debt of ₹800 crores and is now debt-free.
Investors in Reliance Power have earned a 34% return in the past week and a 47% surge in the last three months. Over the past year, the company’s shares have doubled investors’ money, with a 98% profit. In the last two years, the share price has increased by 132%, and in the last three years, by 148%. Those who invested in Reliance Power five years ago have seen a 400% increase in their investment value.
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