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| Name | Reliance Power Shares Hit A Fresh 1-Year High, Shares Up 47% In Just Six Sessions. Should You Invest |
| Video Uploader | Video From Business Today |
| Upload Date | This Video Uploaded At 05-01-2024 08:46:48 |
| Video Discription | #reliancepowersharenews #reliance #investmenttips #sharemarket2024 #businessnews Reliance Power's stock soared to a one-year high, closing at Rs 32.99, a 7.92% increase. This marks a significant 47.54% gain over six consecutive trading sessions. The company's shares have experienced a remarkable 264.53% rally from their 52-week low of Rs 9.05, attributed to two bulk deals and a surge in trading volumes, with about 5.05 crore shares traded on BSE, outpacing the two-week average. The company's financial performance indicates improvement, with a reduced consolidated net loss of Rs 237.76 crore in Q2 FY24, down from Rs 340.26 crore in the previous year. This was accompanied by a 9.55% increase in total income. Market analysts project further growth, with potential targets of Rs 35 and Rs 43, while maintaining a critical support level at Rs 25. There's cautious optimism for the stock's future, but investors are reminded of its volatile past. Once plummeting by 99% from its peak, Reliance Power's shares have bounced back significantly, increasing over 2600% in four years. With a market capitalization exceeding ₹11,000 crores and a 775% surge in the last three years, the company shows signs of recovery. However, investors are advised to remain vigilant and consult financial advisors. ----------------------- Thank You for watching! Do not forget to Like | Comment | Share ----------------------- About the channel Watch us for the best news and views on business, stock markets, crypto currencies, consumer technology, the world of real estate, bullion, automobiles, start-ups and unicorns and personal finance. Business Today TV will also bring you all you need to know about mutual funds, insurance, loans and pension plans among others. Follow us at: Website: https://www.businesstoday.in WhatsApp: whatsapp.com/channel/0029Va4Hd309hXFCqY62yD2I Facebook: https://www.facebook.com/BusinessToday twitter: https://twitter.com/business_today Instagram: https://www.instagram.com/business_today/ |
| Category | News & Politics |
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