Reliance Power Share Price: Anil Ambani-owned Reliance Power's stock has been witnessing a tremendous rise for some time now. Younger Ambani's Reliance Power hit an upper circuit on Tuesday. Anil Ambani, who is included in the list of the richest people in the country and the world, has been going through his worst situation for the last few years. But now Reliance Power's stock is witnessing a continuous rise. On Tuesday, the company's stock reached Rs 25.63 with an upper circuit of 5 percent. The company's stock has been witnessing a series of rises for the last four years.
The stock fell below the level of Rs 28
In the month of April, the stock was seen trading at around Rs 28. However, after a decline after that, it is now seeing a rise again. During the last four years, the share rate rose from Rs 1 to Rs 34. But now it is again trending around Rs 26. It was four years ago when on March 27, 2020, the share price was Rs 1.13. Now on Tuesday (May 14), this stock is trading at Rs 25.63. The stock is not being traded after an upper circuit was imposed during the trading session.
The 5 percent upper circuit imposed on the stock on Tuesday
opened at Rs 24.60 on Tuesday morning, after which the stock rose 5 percent to Rs 25.63. After this, it is not being traded. During the trading session, it also went to a low level of Rs 24.59. If someone had invested one lakh in the stock four years ago, then today his investment has increased to more than 22 lakhs. The company's share was at Rs 1.13 on March 27, 2020. If an investor had bought shares worth Rs 1 lakh at that time, he would have got 88,495 units. At today's rate, this investment has become Rs 2,268,126. The stock has given good returns in four years.
Shares rose 132% in one year.
Reliance Power's share has risen 132 percent in the last one year. The company's share was at Rs 12.38 on 18 April 2023. Now it has reached Rs 25.63 on 14 May 2024. Apart from this, the stock has seen a rise of 58 percent in six months. The company's share is trading above Rs 25, up from Rs 18 during this period. The 52-week high level of the company's share is Rs 34.35 and the low level is Rs 11.06.
--Advertisement--