look news india
Reliance Power Shares: Reliance Power shares are witnessing a strong rise in the last week of the financial year 2024. After being in building mode from January 10, 2024 to March 13, 2024, this company of Reliance ADAG (Anil Dhirubhai Ambani Group) is currently trying to reduce debt and invest capital through Reliance Commercial Finance.
Due to this, there is a strong rise in the shares of Reliance Power. The share price of this company was Rs 20.40 on March 13, 2024, which has currently increased to Rs 28.25. The last week has seen about 40 percent. However, after Corona, there has been a strong improvement in the shares of Reliance ADAG Company.
About four years ago the price of this share was Rs 1.20, which has now increased to Rs 28.25. That means, in the last four years, the share price of this company has increased by about 2250 percent.
An IPO of Rs 450 was offered.
It may be mentioned here that the initial public offering of Reliance Power shares came in the year 2008 at a price band of Rs 405-450 and was later listed at Rs 547.80. It was listed on NSE at a price of Rs 530. The company later announced 3:5 bonus shares.