Reliance Power Share Price From Rs 255 to Rs 16 Anil Ambani Investors Hit Hard; Ambani share bubble bar! Investors’ mouths watered, from Rs. 255…
There are many stocks in the stock market, which have made investors rich. But there are also many stocks where investors have suffered losses. One such stock also belongs to the giant Reliance group of the country and the name of this share of Reliance is Reliance Power Limited.
Anil Ambani’s stock plunged 93%
The stock of Reliance Power Limited has fallen by 93.51 percent so far and was trading at Rs 224 on February 15, 2008. Since then, the stock has been on a steady decline, and is currently trading at Rs.16. Investing in the stock market without knowing in such a situation can lead to loss. So you should talk to your financial advisor before investing in any company or stock.
What is the reason behind the rebound in Reliance Power shares?
Shares of Reliance Power Limited bounced back in the session on Monday. The stock rallied 16.19% to touch a high of Rs 16.22 from its previous close of Rs 13.96. On Tuesday too, there was a bullish trade in the stock and the share of Reliance Power has increased by 14.04 percent in the last five days. Shares rose after the company made at least six bulk deals last week.
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Reliance Power share move
The share of Reliance Power has been increasing steadily for the past few days. The stock has gained 56% against the BSE in three months and the stock has returned 45% to investors in one month. Similarly, the one-week return is 18%. Note that the stock’s 52-week low is 9.05 while the share price on September 6, 2022 is Rs.24.95, the stock’s 52-week high. Interestingly, in February 2008, the share of Reliance Power was trading at Rs.240
