Reliance Power’s share price is generating significant interest among investors. The stock currently trades at ₹53.64, reflecting a notable increase from its previous close of ₹32.97, marking a rise of 4.98% in today’s trading session. This surge in price comes after a series of fluctuations in the market, which have kept investors on their toes.
Main Points
Reliance Power has experienced a remarkable three-year return of approximately 139.78%, outperforming the Nifty Midcap 100 index, which recorded a return of 101.28% during the same period. Despite these gains, the company has been facing challenges, including a reported loss of ₹97.85 crore for four consecutive quarters and a negative return on equity (ROE) for three years.
Key Metrics
| Metric | Value |
|---|---|
| Current Share Price | ₹53.64 |
| Previous Close | ₹32.97 |
| Market Capitalization | ₹13,894.70 Cr |
| PE Ratio | -7.43 |
| EPS (TTM) | -4.66 |
| 52 Week High/Low | ₹38.11 / ₹15.55 |
| Dividend Yield | 0.00% |
The stock’s performance over various time frames shows impressive growth:
- 1 Day: +4.98%
- 1 Week: +16.65%
- 1 Month: +5.55%
- 1 Year: +81.2%
- 3 Years: +151.71%.
Analysts are closely monitoring the stock for potential price targets amidst its volatile performance. The immediate resistance levels are set at ₹54 and ₹56, while support levels are found around ₹50 and ₹48. Given the current momentum, if Reliance Power maintains its upward trajectory, it could reach the higher resistance levels in the near term.
Recently, Reliance Power has made headlines by achieving a debt-free status after settling obligations worth ₹3,872 crore. This strategic move is expected to improve investor confidence and may contribute positively to the stock’s future performance.
Additionally, the company’s financial health is under scrutiny due to its high interest expenses, which accounted for 31.06% of operating revenues in the last fiscal year. Investors are advised to keep an eye on these financial indicators as they will play a crucial role in determining the stock’s sustainability and growth potential.
Investor sentiment around Reliance Power remains mixed due to its fluctuating financial results and ongoing operational challenges. The stock’s volatility is reflected in its beta value of 2.12, indicating that it is more volatile than the market average. This means that while there are opportunities for gains, there are also risks involved.
