Is Reliance Power @ 26.20 still a good buy?
A big question to answer! Anil Ambani making a comeback……
Reliance Power's stock has seen a tremendous upsurge of late, since the company's shares had previously fallen to Rs 1 from their peak price, marking a significant recovery. In 2008, the share price of Reliance Power was approximately Rs 260. However, following a significant decline, the share price has risen tremendously since then.
Reliance Power net profit margin fell over 250% since last year in the Q3 2023-2024. So, not the good news.
But stock market experts claim that the company has paid off its debts to ICICI Bank, Axis Bank, and DBS Bank which is driving up its shares. Further, recent capital injection could be another factor shooting up the price of Reliance Power's stock.
Watch!