Today, we are talking about the surge in the shares of Reliance Power, owned by Anil Ambani. Reliance Power stock jumped by almost 7% on Tuesday to reach Rs 28, compared to the previous day’s ending price of Rs 26.07.
In recent years, the stocks have provided more than 2300% gains, rising from Rs 1 to Rs 28 per share. Reliance Power’s stocks reached a peak of Rs 34.35 and a low of Rs 13.80 in the past 52 weeks.
Reliance Power Shares: With the bankrupt billionaire Anil Ambani on the brink of better days, his companies are instilling fresh optimism in investors. Lately, a number of Anil Ambani’s businesses have been producing excellent profits in the last few months.
Anil Ambani’s Reliance Power shares have made significant gains over the past four years after experiencing a substantial drop.
The shares were valued at Rs 1.13 on March 27, 2020. By June 11, 2024, their value had increased to Rs 28, resulting in a return of over 2300% for investors. Investing Rs 1 lakh in Reliance Power shares on March 27, 2020, would yield Rs 24.77 lakh at the current market value.