Reliance Power Share: Anil Ambani’s power company Reliance Power Limited’s fortunes are changing. The company, which was once in debt, has now become a rocket. Anil Ambani’s Reliance Power’s stock saw a rapid rise on Friday. RPower’s stock has made a strong jump of 19 percent today.
Reliance Power Share Rallies Over 19% – What Triggered the Surge?
Reliance Power Limited’s stock saw a tremendous jump on Friday. With a jump of 18.66 percent, the share price reached a high of Rs 52.90. The company’s stock opened at Rs 45 in early trade and rose sharply to Rs 52.90. Now the question is what happened that R Power’s shares suddenly rose.
Why did Reliance Power’s shares rise?
RPower’s stock has returned to growth thanks to heavy buying. Investors have shown a lot of interest in this power generation sector company. RPower has done a lot of deals. Just 4 days ago, Reliance Power has signed a deal to build the largest solar power project in Bhutan.
18% Rise in a Month | 48% in 6 Months | 95% in 1 Year – Since this news came out, the company’s shares have jumped. Reliance Power shares have risen by 18% in one month and 48% in six months.
Reliance Power shares have risen by 95% in a year. After this news came out, Reliance Power shares are being traded heavily. Investors’ interest has increased towards this stock. 2,666.75 lakh shares were traded, which were worth Rs 1,325.11 crore.
Largest FDI Power Project in Bhutan’s History
Reliance Power has got a mega project of 500 megawatts (MW) in Bhutan. Anil Ambani’s company will complete this project in a 50:50 joint venture with a Bhutanese company. Reliance Power has signed a term sheet with Bhutanese company Green Digital Private Limited. Rs 2000 crore will be spent on this entire project. This will be Bhutan’s largest foreign direct investment power project.
1. Why did Reliance Power shares jump suddenly?
Ans: The share price surged due to a ₹2000 Cr solar power deal in Bhutan, attracting strong investor interest and heavy trading activity.
2. What is the new Reliance Power project in Bhutan?
Ans: Reliance Power will build a 500MW solar power plant in Bhutan in a 50:50 joint venture with Bhutanese firm Green Digital Private Ltd.
3. How much has Reliance Power stock grown in a year?
Ans: RPower shares have surged approximately 95% in the past year, driven by strategic deals and improving fundamentals.
4. What is the current Reliance Power share price?
Ans: As of Friday, RPower’s share price jumped to ₹52.90, rising 18.66% in a single trading session.
5. Is Reliance Power a good stock to buy now?
Ans: With increasing investor interest and recent project wins, RPower is gaining momentum. However, always consult a financial advisor first.
