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Reliance Power: Anil Ambani's company's speed is not stopping, upper circuit is applied for the fourth consecutive day
RPower Shares: Anil Ambani's group's Reliance Power shares have been hit by an upper circuit for the fourth consecutive trading day. Vidarbha Industries has paid the entire liability of Rs 3872 crore as a guarantor for the power. According to Reliance Power, now it has no dues to banks and financial institutions. Due to this, investors have rushed to Reliance Power shares.
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“Reliance Power: Anil Ambani's company's speed is not stopping, upper circuit is applied for the fourth consecutive day”
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sangritoday.com
23 Sep 2024
Shares of Reliance Power presided over by the younger brother of Asia's richest man Mukesh Ambani, are continuously getting hit by an upper. This is for the fourth consecutive day that shares of Reliance Power have been hit by the upper circuit. Upper circuit means people want to buy it, but there is no one to sell.
On Monday, the Reliance Power share reached Rs 38.16 at an upper circuit of 5 percent. This is also its highest level in 52 weeks i.e. one year.
A meeting of the board of directors is scheduled to be held on 23 September of Reliance Power. Consideration of the raise proposal will take place in this.
