Reliance Power, which has provided multibagagar returns in five years; Can you buy now?
Reliance Power Shares increased to 4% on 4 June and 52 -Veek high on Thursday. In the previous business, Anil Ambani Group has increased by 5.45%. Reliance Power’s share price opened for Rs 60.30 in BSE. Intrade gave a maximum of Rs. 63.39 and less Rs. 59.93 hit. On June 2, the stock was recorded at Rs 62.80 in a year.
More than 2,400% increase in five years
There is a significant increase in the price of R Power’s stock. More than 2,400% in the last five years. It increased by about 79% in just three months. The previous month increased by about 51%.
What is the reason for a rally in recent times?
Reliance Power recently announced that Reliance NU Energe has received a letter for the 350 MW solar power project, including a 175 MW / 700 MW battery energy storage system from SJVN. In a statement, the company said in a statement that Reliance will increase the power port folio by adding 600 MW solar DC capacity and 700 MW capacity. In addition, the Reliance Power Bhutan Royal Investment Department has set up a commercial term sheet for a long -power power purchase agreement with Green Digital Private Limited owned by Druk Holding and Investment Limited.
Q4 results
Reliance Power announced a consolidated net profit of Rs 126 crore in the January-March quarter of the financial year 2025. The company suffered a loss of Rs 397.56 crore in the quarter ended March 31, 2024.
What should investors do?
According to Rajesh Bhosle, Angel One Equity Technical and derived analyst Rajesh Bhosle, the share price of R Power has seen a huge increase in the lowest level. It has reached the most in the last five years. Bhosle said that strong sections support this latest development. ‘Prices may rise in the near future. However, given high adverse conditions, DIPs are flexible to enter the Lang. Rs.56 – 57 appear as strong support. However, Mehta Equity Technical Analyst Riank Arora said that the price of Reliance Power is recently indicating the profit booking after the rally and there is a huge resistance to Rs 65.
Reference: The above opinion and recommendations are individual analysts or broking companies. Hindustan Times Telugu V. We recommend investors to contact certified professionals before making any investment decisions.
