Reliance Power Share Price šš°
Reliance Power, under the leadership of Anil Ambani, has witnessed a significant surge in its share price in the last nine months. The share price has more than doubled, increasing from ā¹9 to ā¹23.
The company’s shares were trading at ā¹9.15 on March 28, 2023, and closed at ā¹22.40 with a 1% decline in the last trading session of 2023. However, on January 1, 2024, the share price soared by 1.93% to ā¹23.75. On January 2, 2024, it experienced a minor dip of 1.04% and was trading at ā¹23.70.
Reliance Power’s shares reached a 52-week high of ā¹25.20, while its lowest level was ā¹9.05. The total market capitalization of the company stands at ā¹8,540 crore.
In July 2023, the shares of Reliance Power reached ā¹15, and by August 2023, it was trading at ā¹20. In December 2023, the share price hit its highest level.
Despite being associated with Anil Ambani, once considered one of the richest individuals globally, Reliance Power has faced its fair share of financial challenges. The company, involved in the solar energy and telecommunications sectors, has struggled to achieve significant success.
Several of Ambani’s companies have faced insolvency proceedings in recent times. In the past year, the Sensex index rose by 17.40%, while Reliance Power’s share price nearly doubled. Over the last six months, the company has offered its investors returns of more than 58%.
With such impressive growth, Reliance Power’s share price is certainly one to watch. Investors and market analysts are eagerly observing its performance as it continues to navigate the turbulent business landscape. šš¼
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