Reliance Power Share Price: A Rollercoaster Ride
π The share price of Reliance Power has been witnessing a strong surge in the past few days, but yesterday, there was a downward pressure.
π In January 2021, the shares of Reliance Power were trading at Rs. 3.3. Currently, the company’s shares have crossed the mark of Rs. 30.
π Over the past three years, Reliance Power shares have given a whopping 900% return to its investors. In the last year alone, the shares have provided a return of 114%.
π On Tuesday, January 9, 2024, Reliance Power shares were trading at Rs. 31.75, with a decline of 0.94%. On Wednesday, January 10, 2023, the shares were trading at Rs. 31.0, with a decline of 0.86%.
π In the first five trading sessions of January 2024, Reliance Power shares have seen a growth of 36%. From its lowest level of 9.05 in March 2023, the shares have surged by a staggering 264.5%.
π Reliance Power has shown impressive performance in 2023. The shares witnessed a decline in January, February, and October 2023. However, in the past three months, there has been a decline of 11.15%, 23.14%, and 11.17% in the share price.
π In November 2023, Reliance Power shares witnessed the highest surge of 23.68%. In April 2023, the shares provided a return of 22.61% to its investors. In July 2023, the company recorded a profit of 17%.
π According to market experts, there is a possibility of further growth in Reliance Power shares in the coming days. Investors have shown significant interest in power shares in recent months. Experts believe that Reliance Power shares are indicating a strong upward trend.
π Financial advisors in the stock market have advised putting stop loss at Rs. 21 while buying Reliance Power shares. The company primarily operates in the electricity generation sector, producing energy from coal, gas, water, wind, and solar sources. Founded in 1995, Reliance Power has an operational electricity generation capacity of 416 GW.
With the recent ups and downs in Reliance Power’s share price, investors and market enthusiasts are eagerly watching the stock market for further developments.
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.
