Video Discription |
Open FREE Demat Account: -
https://upstox.com/open-account/?f=7LA9SB
सारा कर्ज चुका दिया | RELIANCE POWER SHARE | कंपनी का शेयर बनेगा रॉकेट
Reliance Power shares zoom 26% in 3 days as company turns 'debt free on standalone basis' Reliance Power share price: The stock surged 10 per cent to hit its upper circuit limit of Rs 31.53. At this price, it has gained 26.12 per cent in just three trading days. The counter has moved 31.65 per cent higher on a year-to-date (YTD) basis.
Shares of Reliance Power Ltd continued their sharp run in Wednesday's trading session. The stock surged 10 per cent to hit its upper circuit limit of Rs 31.53. At this price, it has gained 26.12 per cent in just three trading days. The counter has moved 31.65 per cent higher on a year-to-date (YTD) basis.
This strong uptrend in the share price came after news agency PTI reported, citing sources, that the company has turned debt-free company on a standalone basis. RPower had a debt of around Rs 800 crore, which has been repaid to banks, the report said.
The scrip logged heavy trading volume on BSE today. Around 1.5 crore shares were last seen changing hands. The figure was way more than the two-week average volume of 67.42 lakh shares.
Turnover on the counter came at Rs 46.41 crore, commanding a market capitalisation (m-cap) of Rs 12,665.51 crore. There were 42,98,974 buy orders against sell orders of nil shares.
On technical setup, RPower was trading higher than the 5-day, 10-, 20-, 30-, 50-, 100-, 150-day and 200-day simple moving averages (SMAs). The counter's 14-day relative strength index (RSI) came at 71.14. A level below 30 is defined as oversold while a value above 70 is considered overbought.
The company's stock has a price-to-equity (P/E) ratio of 235.23 against a price-to-book (P/B) value of 1.23. Earnings per share (EPS) stood at 0.12 with a return on equity of 0.52.
Intermediate hurdle could be seen at Rs 32-34 levels in the short term, said Osho Krishan, Senior Research Analyst - Technical & Derivatives at Angel One. On the lower end, Rs 26-25 is likely to cushion the counter and sacrosanct support lies around 24 sub-zone, he added.
The expected trading range will be between Rs 25 and Rs 32 for a month, said Jigar S Patel, Senior Manager - Technical Research Analyst at Anand Rathi Shares and Stock Brokers.
Reliance Power, formerly known as Reliance Energy Generation Ltd, is a part of the Reliance Anil Dhirubhai Ambani Group. As of March 2024, promoters held a 23.24 per cent stake in the company.
reliance power
reliance power share
reliance power stock advice
reliance power share analysis
reliance power target
reliance power share buy or not
reliance power share price
reliance power analysis
reliance power kya kaam karta hai
reliance power limited
reliance power debt free
reliance power share news in hindi
reliance power new news
stock market
stock market for beginners
stock burner
stock market ka commando
stock market news
stock market kaise sikhe
stocks to buy now
stock market live
stock market india
stock market classes
stock market news today
stock market kya hai
Market Gyan
Online Kamai
Sarthak Bazaar se
Mission Market
Money Stockers
Share Market Tips
Stock Market Adviser
Value Investor
stock market india
Bhagat Finance Bazar
stock advisor dilraj
Satwasiya Pankaj
Hindi Stock News
Invest In Bharat
Share Market Analysis
Biz Tak
stock market ka commando
Copyright Disclaimer: - Some contents are used for educational purposes under fair use. Copyright Disclaimer under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statutes that might otherwise be infringing. Non-profit, educational, or personal use tips the balance in favor of fair use. |