Reliance Power shares experienced a notable increase, closing at ₹53.64, marking a rise of 5.00% from the previous day’s close of ₹51.09. This uptick reflects a broader trend of recovery for the stock, which has shown impressive performance over various time frames, including a remarkable 89.01% increase over the past three months.
Main Points
- 1 Current Reliance Power Share Price and Market Performance
- 2 Recent Trends
- 3 Reliance Power Share Price Financial Overview
- 4 Reliance Power Share Price Key Financial Metrics
- 5 Reliance Power Share Price Technical Analysis
- 6 Support and Resistance Levels
- 7 Reliance Power Share Price Future Expectations
- 8 Target Reliance Power Share Price
As of the latest update, Reliance Power Ltd’s share price stands at ₹53.64. The stock has seen significant fluctuations today, with a low of ₹49.64 and a high reaching ₹53.65 during trading hours. Over the last week, the shares have surged by 27.56%, while the one-month performance shows an increase of 69.77%.
Recent Trends
- 1 Week: +27.56%
- 1 Month: +69.77%
- 3 Months: +89.01%
- 6 Months: +76.88%
- 1 Year: +165.45%
- 3 Years: +276.29%
- 5 Years: +1911.81%
These figures highlight a strong recovery trajectory for Reliance Power, particularly impressive given its historical lows and recent challenges.
Despite the recent surge in share price, Reliance Power has faced ongoing financial difficulties, reporting a loss of ₹97.85 crore for four consecutive quarters. The company has also recorded a negative Return on Equity (ROE) for three years running, indicating that it has struggled to generate profits relative to shareholder equity.
| Metric | Value |
|---|---|
| Current Share Price | ₹53.64 |
| Market Capitalization | ₹21,547 Crore |
| P/E Ratio | -11.52 |
| Book Value per Share | ₹28.91 |
| Dividend Yield | 0% |
The company’s market cap currently stands at approximately ₹21,547 crore, with a PE ratio indicating negative earnings due to ongoing operational losses.
From a technical perspective, Reliance Power’s stock is showing bullish signals as it continues to break through resistance levels. The daily pivot point is set at ₹50.61, suggesting that if the stock maintains above this level, further gains could be anticipated in the short term.
Support and Resistance Levels
- Support Level: ₹50.61
- Resistance Level: Recent highs around ₹53.65
Market analysts are optimistic about Reliance Power’s potential for continued growth in the coming days and weeks, especially given its recent performance metrics and positive market sentiment surrounding energy stocks in India.
Analysts suggest that if Reliance Power can maintain its momentum and overcome key resistance levels, it could target prices upwards of ₹60 in the near future.
