• Source:JND
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The shares of RattanIndia Power Limited saw a significant increase on Wednesday, June 11, with shares rising more than 11% to Rs 16.14 on the BSE. With the stock closing at Rs 11.20 on Friday, June 6, this represents an incredible increase of over 43% in just three trading sessions.

The small-cap power company has seen an amazing rally in recent weeks, which is further enhanced by the recent upswing. The stock has increased by more than 55% in the last month. In terms of the long-term trend, RattanIndia Power's stock has increased by over 860% in just five years, from Rs 1.64 on June 12, 2020, to Rs 16.14 today. The stock has increased by more than 215% over the last four years and more than 310% over the last three.

As of right now, the stock is trading close to its 52-week high of Rs 19.78 and its 52-week low of Rs 8.44.

The BSE asked the company to explain the unusual trading volume movement on Tuesday. RattanIndia Power responded by saying that it does not know the precise cause of the spike and that market forces are to blame. Additionally, the business made it clear that it has no authority over trading on the secondary market.

Also Read: Reliance Power Share Price: Stock Continues Bull Run, Surges Over 6%; Reliance Infra Soars High

According to the most recent shareholding pattern, public shareholders own 55.94% of the company, while promoters own 44.06%.

Disclaimer: This is just a piece of news about recent developments in the stock. Jagran does not advise investing. Please take the expert's opinion before investing. 

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