look news india
New Delhi: Reliance Power Share Price: The shares of Anil Ambani's company have been rising continuously for some time. This stock has given double profits to investors in the last one year. The name of this company of Anil Ambani is Reliance Power. Reliance Power has doubled investors' money in one year. Even today there was an upper circuit in the shares of the company.
The story of Reliance Power shares is very strange. In the year 2008, the price of this share was at the level of Rs 240. So today the share price in the market is only Rs 23. According to this calculation, a decline of 90.35 percent has been observed in the share price. The shares of Anil Ambani's company are seeing a rise these days. The company's shares have increased by 21.47 percent in the last six months.
The stock was at the level of 240 in 2008
On February 15, 2008, the stock price was at the level of Rs 240. So after such a big storm in the stock, investors had to suffer huge losses. The share price fell more than 90 percent. The company's shares have seen a recovery in the last one year.
Investors' money doubled in one year.
On March 20, 2023, the price of this share was at the level of Rs 10.30. So in just one year the share price of this company has reached the level of Rs 23.20. In the last one year, investors investing in this stock have got double benefits. This share has given a return of 125.24 percent to investors in one year. If an investor had invested Rs 1 lakh in this stock in a year, today this amount would have increased to more than Rs 2 lakh.
What is the business of the company?
Anil Ambani's company Reliance Power is a company of Ambani Group. It operates in the financial services infrastructure and energy sectors. Apart from this, Reliance Power works for the development of power projects in India. The company currently has a power generation plant of about 6000 MW.