Anil Ambani Stock Reliance Power again hit upper Circuit and reason behind that you can know here

Anil Ambani Stock: Anil Ambani’s days seem to be turning and a surge is being seen in the shares of his companies which is surprising the investors as well as the stock market experts. Even today, the shares of two companies of Anil Dhirubhai Ambani Group (ADAG) are being seen trading rapidly. These shares are Reliance Power and Reliance Infrastructure, due to the rise in their shares, investors are getting hope of earning good income. Even today, there is an upper circuit in the shares of Reliance Power and on the basis of this it can be said that now the shares of Reliance Power are becoming a means of creating wealth for its investors. Today the share of Reliance Power is trading at the level of Rs 51.09.

Continuous rise in Reliance Power shares

There is a continuous rise in the shares of Reliance Power and in one month this share has given a return of 69.79 percent to its investors. If we talk about the last 5 days, it has given a return of 23.26 percent to its investors. 5 days ago on Wednesday, 25th September this share was at Rs 41.45 per share and today a level of Rs 51.09 has been seen in it.

Stocks of Anil Ambani’s other company are also rising

Today, Reliance Infrastructure is trading with a rise of 1-1.5 percent and after Reliance Power, this is the second stock which is on the rise. There is also a board meeting of Reliance Infrastructure today and important decisions are expected to be approved in it.

Why are Reliance Power shares rising?

The biggest reason behind the rise in the shares of Reliance Power is that it has announced the disposal of its responsibilities as guarantor for Vidarbha Industries. The company recently announced that the exchanges have been informed that it has completely liquidated the settlement amounting to approximately Rs 3900 crore.

There is enthusiasm among the market and investors regarding the announcement of Reliance Power regarding the large scale battery storage project. A power claim of 500 MW/1000 MWh has been made in this project.

Reliance shares rise on the basis of all the news

The effect of all these news is that there is a bullish trend going on in the shares of Reliance Power these days and the shares are continuously hitting the upper circuit of 5 percent and today the shares have again hit the upper circuit with a rise of 5 percent. The share is being seen trading at Rs 51.09 with a rise of Rs 2.43 or 4.99 percent and the rising trend of several days is continuing.

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