Reliance Power Share Price Surges in Recent Days 📈
Reliance Power company has been witnessing a significant uptrend in its share price in the past few days. However, the stock closed with a lower circuit yesterday. The company’s shares closed at ₹26.94 on July 23, 2024, after touching ₹34.54 in just a few days.
The stock price of the company surged by 30% in just five trading sessions. On Monday, August 5, 2024, Reliance Power stock closed at ₹32.81, down by 5.01%. On Tuesday (August 6, 2024), the share was trading at ₹31.2 with a 4.88% decline.
Reliance Power is now completely debt-free, having repaid ₹800 crore in dues. As a result, the company’s shares are in focus. Analysts at Choice Broking firm believe that the stock has established strong support at ₹32 and could potentially reach ₹38-40 in the coming days. Experts recommend setting a stop loss at ₹32 when buying the stock.
Over the past five years, Reliance Power shares have delivered a return of 798% to investors. In the last year alone, the company’s share price has increased by 75%. In the last six months, Reliance Power’s share price has risen by 19.74%. Year-to-date, the company’s shares have outperformed with a return of 39.99%. In the last month, the share price has increased by 13%.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
