Reliance Power Share Price | Reliance Power share will prosper, bullish signs, know updates – NSE: RPOWER
Reliance Power Share Price | After day-long fluctuations, the stock market closed with a decline on Friday. On Friday, the Sensex fell 780 points and closed at 76,263. Similarly, Nifty also closed at 23,100 with a fall of 211 points. On one hand, there is a decline in the stock market, but the shares of Reliance Power Limited Company are showing signs of rise.
Current status of Reliance Power Company share
Reliance Power Company share was trading 2.31 percent higher at Rs 42.15 on Friday, January 17, 2025. The 52-week high of Reliance Power Company stock was Rs 53.64, while the 52-week low of the stock was Rs 19.40. The total market cap of Reliance Power Limited Company is currently Rs 16,891 crore. Reliance Power shares have fallen nearly 30 percent from their 52-week high.
Subsidiary of Reliance Power Limited will make big investment
Anil Dhirubhai Ambani group's Reliance NU Suntech Pvt Ltd will invest Rs 10,000 crore in a solar power plant in Andhra Pradesh's Kurnool district, the stock exchange has informed the stock exchange. Reliance NU Suntech Private Limited is a subsidiary of Reliance Power Limited Company. The company has taken up this mega project on build-on-operate basis. The project is also expected to be Asia's largest solar and battery energy storage project.
What are the expert signals about the stock?
Stock market expert Dhvani Patel said that the shares of Reliance Power Company have been rising in the last one year. The stock has given 41.21% returns during this period. Reliance Power Company's stock has bounced off its support level after falling 30 per cent from its recent 52-week high. Patel said the power stock had briefly fallen below the key technical index Bollinger Bands and then bounced back.
Reliance Power Share Target Price
A new trend of buying is currently being seen in Reliance Power shares. This trend is an indication of the upcoming rally in Reliance Power shares. Therefore, Power Stock can give sharp returns in the coming days and then reach the first target price of Rs 48.
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