The analysts and market experts seem to be bullish on Reliance Power aka RPOWER’s growth prospects as they are emphasizing the company’s strong performance and appreciating its strategic operations. Nevertheless, Reliance Power also posted a consolidated net profit of Rs 654.71 crore for the fourth quarter of the previous financial year in comparison to Rs 277.32 crore loss in the correspondent quarter of the previous year. According to the reports, Reliance Power’s operational revenue also has increased by 15.42 percent YoY, taking it to Rs 1996.65 crore. As analysts remain bullish on Reliance Power’s growth prospects, the share price of the company also has been continuously increasing over the past week. Meanwhile, market enthusiasts and traders are in a dilemma whether they should also enter this stock when it already has hit its 52-week high share price. Here, we have given an overview of Reliance Power share’s performance over the past week. You are suggested to stick with this page and go through the article to the end. Scroll down the page.
Reliance Power Share Current Performance
On Monday, September 23, 2024, the country’s prominent player in the energy sector, Reliance Power’s share closed at the price of Rs 38.15 on the National Stock Exchange, which was 4.98 percent up from its previous close of Rs 36.34. Interestingly, the intraday high of this stock was as high as Rs 40.05 and the lowest price was Rs 36.24 on this day. On Tuesday, September 24, 2024, Reliance Power shares once again made a jump and increased to Rs 40.05. The stock remained steady throughout the trading day and closed at the same price on which it opened. Furthermore, on Wednesday, September 25, 2024, i.e. today, the stock opened at the price of Rs 41.45 and as of the latest updates from the market, Reliance Power shares are currently trading at the price of Rs 42.05, which is almost 5 percent high than its previous close of Rs 40.05. Notably, Reliance Power marked its 52-week high and currently trading at this price.
At this time, the market capitalization of Reliance Power is standing at Rs 13,894.70 crore and this stock also has given a return of 151.71 percent in three years which is 50 percent higher than the Nifty Midcap 100 index.
Reliance Power Share Price Highlights
- Reliance Power share surges 4.98 percent to Rs 38.15 on the National Stock Exchange.
- RPOWER hits an intraday high of Rs 40.05 and a low of Rs 36.24
- The company announced a consolidated net profit of Rs 654.71 crore for the March quarter of FY24.
- Its operational revenue increased by 15.42 percent YoY to Rs 1,996.65 crore.
- Reliance Power’s market capitalization is currently at Rs 13,894.70 crore.
- The company has given a return of 151.71 percent over the past three years, outperforming Nifty Midcap 100’s return of 101.28 percent for the same period.
- PE Ratio: 245.95
- Market Cap: Rs 13,894.70 crore
- EPS (TTM): 0.13
- Sectoral MCap Rank: 20
- PB Ratio: 1.41
- Dividend Yield: 0 percent
- Face Value: Rs 10
- 52W High/Low: Rs 38.11 / Rs 15.55
- Beta: 2.12
A renowned market expert and analyst at a leading brokerage firm said that RPOWER has been able to capitalize on the growing demand for renewable energy in the country. Its strong project pipeline and cost-effective operations have helped it maintain a competitive edge in the market. On the company’s growth prospects, the analyst remains bullish and confident about the company’s strong performance and focus on renewable energy projects. In addition, Reliance Power also can secure new contracts. All these factors have been driving the biz for Reliance Power, resulting in significant growth in its share price. Stay tuned to this website for more details and further updates.
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