Rpower Share Price: Reliance Power share price opened higher today and touched an intraday high of Rs 38.15 on NSE. Along with climbing the intraday high, Reliance Power shares also touched an upper circuit of 5 per cent.
Rpower Share Price: Reliance Power’s share price has been on an upward trend ever since the date of the Board of Directors meeting was announced to consider and approve the proposal to raise funds by Anil Dhirubhai Ambani Group (ADG). The company board has fixed the date of the meeting as 23 September 2024 i.e. today. The stock has been on the upper circuit for 4 consecutive days.
Reliance Power share price opened higher today ahead of the board meeting and touched an intraday high of Rs 38.15 on NSE. While hitting the intraday high, Reliance Power shares also hit an upper circuit of 5 per cent. During the opening bell on Monday, Reliance Power shares hit the upper circuit for the fourth consecutive session. The stock touched the upper circuit on Wednesday, Thursday and Friday last week.
The stock has jumped by about 22 percent in the last 5 days. This year it has given a return of about 60 percent. Whereas, its return in one year is 101 percent. If we talk about the performance of five years, then it has given a tremendous return of 1490 percent.
The price can reach up to Rs 50
According to Live Mint, Choice Broking Executive Director Sumeet Bagadia said, “Expecting a rally in Reliance Power shares, Reliance Power shares may reach above Rs 40 per share on a decisive basis. Therefore, Reliance Power shareholders are advised to hold the stock while maintaining a stop loss at Rs 35 per share for the short term to Rs 45 and Rs 50. Bagadia said, “New investors can also buy Reliance Power shares for short-term targets of Rs 45 and Rs 50.
Reliance Power announced
ADAG Company while informing the Indian stock market exchanges about the move to generate funds had said, “We wish to inform you that a meeting of the Board of Directors of the Company will be held on Monday, September 23, 2024 to inter alia consider and approve the raising of long term resources from domestic and/or global markets.
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