The company of Anil Ambani, brother of Asia’s richest man Mukesh Ambani, received a big order, following which the stock price rose sharply. We are talking about Reliance Power Share, whose upper ring line was forcibly collected on the last trading day on Monday. This is Anil Ambani’s Multibagger stock, which turned an investor’s Rs 1 lakh into Rs 10 lakh in just 5 years.
The upper circuit is shared
Reliance Power’s share price rose sharply on Monday. After opening at Rs 30.30, it touched Rs 31.32 levels. However, Reliance Power share price closed at Rs 30.72 during the trading session. Due to the rise in the stock, the market capitalization of the company also increased to Rs 124.9 billion.
The share price of Anil Ambani’s company rose after the news of receiving a big order. In fact, Reliance Power has received 500MW of battery energy storage orders after the auction held on September 11. In addition to Reliance Power, many companies bid for the auction, but Anil Ambani won. After the news of receiving the order, Reliance Power Share suddenly appeared in the upper circuit.
Five-year return of 959%
Reliance Power stock is a multi-stock of Anil Ambani and investors who invested in this stock have received a multi-stock return of 959.31% in five years. On September 20, 2019, the price of Reliance Power per share was just Rs 2.90 and it has crossed Rs 31. If we calculate, if an investor had invested Rs 1 lakh in Reliance Power Stock on September 20, 2019 and held on till now, his amount would have increased to Rs 10,59,000 now.
The stock price has risen so much in one year
On one hand, the money of Reliance Power investors has increased 10 times in the last five years, on the other hand, if we look at the performance of this long stock in the last one year, it has increased from Rs 19.10 to Rs 31.32 which means that the investors have received a return of 60.84%. At the same time, it has also brought more than 32% profit growth to shareholders in the last six months. However, in the last one month, the stock’s gains have come to a halt and investors have received a negative return of about 6%, but in the last five days, the stock has risen again, gaining about 3%.
Anil Ambani’s company shares fall 99%
The share price of Anil Ambani’s company Reliance Power fell 99% from its all-time high and has since risen again to reach its current level. In fact, on May 16, 2008, the share price of Reliance Power was Rs 260.78 and it fell rapidly thereafter and reached a price of Re 1 in March 2020. However, since then, the company’s stock has seen a recovery and its share price has risen by more than 2,175% since this time.
What does Anil Ambani’s company do?
Reliance Power Limited is a company under Anil Ambani’s Reliance Group. Reliance Group operates in various sectors including financial services, infrastructure and energy. Reliance Power is engaged in the development, construction and operation of power projects in India. It also has a number of subsidiaries. The company has approximately 6,000 MW of operational power generation assets.
(Note- Always take advice from market experts before making any type of investment in the stock market.)
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