look news india
New Delhi: The shares of Mukesh Ambani's younger brother Anil Ambani's company are in the headlines. In fact, Reliance Power's shares have hit an upper circuit for the sixth consecutive day. It is worth mentioning that an upward circuit occurs when many investors want to buy shares of a company but no shareholder wants to sell the shares.
Also, on September 26, 2024 (Thursday), the shares of the company closed with an upper circuit of 5 per cent at Rs 44.15 per share.
Why Stock Is it increasing?
The board meeting of Reliance Power was held on 23 September 2024 this month. A proposal to raise funds was presented in this meeting. The company is planning to raise funds from the domestic market as well as the global market. It is worth noting that recently the debt of two companies of Anil Ambani has been reduced. After reducing the debt, the shares of the company have risen. Along with Reliance Power, the shares of Reliance Infrastructure have also seen a rise.
Reliance Power Stock Performance
Talking about the performance of Reliance Power shares, the company's shares have given a return of 132.37 percent in the last one year. Along with this, the company's shares have increased by 59.96 percent since March this year. The company has given a return of 21.49 percent in the last 5 sessions i.e. from 20 September 2024 till now. This means that the company's shares have performed well.