• Source:JND
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Adani Power:  Shares of Anil Ambani's 'Reliance Power' have been on a continuous rally these days as it surged 5% to hit an upper circuit at Rs 37.97 on Thursday in morning trade. Reliance Power's Share Price has gained over 24 percent in the last 5 trading sessions. Meanwhile, the stock has jumped by over 3200 percent in the last 4.5 years. The 52-week low of the company's shares is Rs 15.53.

1 lakh becomes 33 lakh

In the last 4.5 years, shares of Anil Ambani-owned company Reliance Power have delivered a multifold return to its investors. Reliance Power's share price was at Rs 1.13 on 27 March 2020 and on August 22, 2024, the company's shares traded at Rs 37.97. If a person had invested Rs 1 lakh in Reliance Power shares on March 27, 2020, and had not sold the company's shares till now, the current value of these shares would have been Rs 33.60 lakh.

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Reliance Power's shares rally 115 percent in one year

Shares of Reliance Power have risen by more than 115 percent in the last year. On August 22, 2023, the company's shares were at Rs 17.39. Reliance Power shares have touched Rs 37.97 on 22 August 2024. At the same time, so far this year, Reliance Power shares have jumped by more than 55 percent. The company's shares have risen by 40 percent in the last one month.

The share of Reliance Power has been highlighted for the last 2-3 years, earlier the stock was plunging but it has been on upward trends for the last 2-3 quarters. 

Meanwhile, Adani Power, a company of Adani Group, is in talks to buy the 600 MW Butibori thermal power project, the project once belonged to Anil Ambani's company Reliance Power. 

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