Reliance Power Share Price Soars Despite Market Downturn
Despite a significant sell-off in the market on Friday, shares of Reliance Power, owned by Anil Ambani, saw a rapid increase in value. While the BSE Sensex dropped by 885.60 points, Reliance Power shares surged by 5% to reach ₹34.57. The company’s shares hit a new 52-week high on Friday, marking a 99% increase from its recent low of ₹1.13. Over the past four years, Reliance Power shares have surged by a staggering 2,960%. In the last nine days alone, the company’s shares have risen by 29%.
As of August 2, 2024, Reliance Power shares were trading at ₹34.57, marking a 4.88% decline from the previous trading day. Over the past year, Reliance Power shares have risen by over 90%. In August 2023, the shares were trading at ₹18.17, but have since more than doubled in value.
Over the past five months, Reliance Power shares have seen a rapid increase of nearly 70%. Year-to-date, the shares are up by 45%, with prices starting the year at ₹23.95 on January 1, 2024, and now trading at ₹34.57 as of August 2, 2024.
Despite market volatility, Reliance Power continues to outperform, showcasing the resilience and growth potential of the company in the face of challenging economic conditions.
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