Desk
Share
Reliance Power Share Price: Anil Ambani's Reliance Power's stock hit a 5 percent lower circuit for the second consecutive day. After Friday, the company's stock closed with a 5 percent decline again on Monday. Before this, Reliance Power's stock was hitting a continuous upper circuit for several days. Reliance Power has become debt-free. This notion had given a lot of strength to the company's stock.
At what price did the share close (Reliance Power Share Closing)
On Monday, Reliance Power's share opened at Rs 48.43 on BSE , a 5 percent lower circuit as compared to its previous close of Rs 50.97. It finally closed at the same rate, at which its market capital is Rs 19454.2 crore.
Why is there a decline
The Relative Strength Index (RSI) of Reliance Power is at 79, which indicates that the stock is trading in the overbought zone. Overbought means that a company's stock is worth more than its fair value.
Reliance Power share performance
- Reliance Power shares have gained 8.7% in 5 days
- It has risen 63% in 1 month
- The stock has gone up 56.4 percent in 6 months
- So far in 2024, it has gone up by 102 percent
- The stock has gained 171.5 percent in 1 year
--Advertisement--
