2024-03-23 03:06:52
New Delhi: Amidst the ups and downs in the stock market, a bumper rise is being seen in the shares of an Anil Ambani company. There is a scam to buy this share. Upper circuit is being seen continuously since last two days. This share belongs to Anil Ambani’s company Reliance Power Ltd. Shares of Reliance Power Limited are still running on the upper circuit. There has been a rise of about 5 percent in the stock today. The stock is trading with upper circuit at the level of Rs 26.30. The stock has risen by more than 13 percent in the last 5 days. A stormy rise is being seen in the stock. This rise in the shares of Anil Ambani’s company has happened only recently. Earlier, a decline was seen in this stock. In the last one month, Reliance Power shares have risen by more than two percent.
This is why the rise happened
This rise in the shares of Reliance Power, a company owned by Anil Ambani, has not happened just like that. Earlier on Thursday also, shares of Reliance Power had reached the upper circuit of Rs 25.02 with a jump of 5 percent. According to media reports, Reliance Power has completely settled the loans of ICICI Bank, Axis Bank and DBS Bank last week. Since then, this rise is being seen in the shares of Reliance Power. According to the report, Reliance Power wants to be a debt-free company by the end of the current financial year. Currently, the only loan on the company’s books will be a working capital loan from IDBI Bank.
investors became rich
Reliance Power shares have seen a bumper rise of 2115 percent in the last 4 years. The shares of this company of Anil Ambani were trading at the level of Rs 1.13 on March 27 in the year 2020. Today, Reliance Power shares are trading at the level of Rs 26.30. In such a situation, the share has increased by 155.34 percent in the last one year. The stock has increased 146.95 percent in the last 5 years. Those who invested in this stock have made huge profits.