Reliance Power Share Price | Rs 42 stock will get rich at rocket speed, debt-free company in focus – NSE: RPOWER
Reliance Power Share Price | Reliance Power shares have declined 10.17 percent in the last one month. Reliance Power shares have declined nearly 30 percent from the high of Rs 54.25 on October 4, 2024. On Saturday, January 18, 2025, shares of Reliance Power were trading at Rs 42.15, up 2.31 percent. Reliance Power stock is again in news due to positive balance sheet correction. Interestingly, investors' buying has increased due to significantly reduced debt on Reliance Power Company.
Reliance Power Share Target Price
The order book of Reliance Power Limited has also strengthened in the last one year, which is another reason for the rise in the stock. Stock market expert Dhvani Patel of Finversify brokerage firm gave bullish signals about the shares of Reliance Power companies. According to experts, Reliance Power Company shares are on a rise from 2023 and buying shares is a positive sign. Moreover, it is important for the next rally as a new buying trend is being seen in Reliance Power Company stock. Dhvani Patel said that the share of Reliance Power Company may increase to Rs 48 in the short term. On Monday (January 20, 2025), the stock was trading at Rs 41.0, down 2.59%.
How much return did Reliance Power share give?
In the last one year, Reliance Power has given a return of 42.64%. In the last two years, Reliance Power shares have given a return of 177 percent. In the last five years, Reliance Power Company shares have given a return of 1,656.25 percent. However, in the long term, Reliance Power shares have fallen by 82.46 percent.
Reliance Power Shareholding Pattern
FIIs have increased their stake in Reliance Power Limited Company to 13.13 per cent in the September 2024 quarter from 12.71 per cent in the June 2024 quarter. Promoters' stake in Reliance Power is 23.26 percent, while insurance companies and mutual funds have about 3 percent stake in Reliance Power Company.
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